Colorado SB042 clarifies definitions for "collections for another government" and "damage awards" for fiscal year spending calculations.

Colorado SB042 amends the definitions of "collections for another government" and "damage awards" in state statutes. It specifies that certain revenues collected by the state, such as excise taxes on gasoline used as fuel for certain aircraft and fines or penalties for legal violations, are not considered state fiscal year spending under the Taxpayers' Bill of Rights (TABOR). The bill aims to ensure that these revenues are not included in the state's fiscal year spending limit calculations, aligning with the constitutional exemption for such collections.

Colorado SB042 clarifies definitions for "collections for another government" and "damage awards" for fiscal year spending calculations.

Colorado SB042 amends the definitions of "collections for another government" and "damage awards" in state statutes. It specifies that certain revenues collected by the state, such as excise taxes on gasoline used as fuel for certain aircraft and fines or penalties for legal violations, are not considered state fiscal year spending under the Taxpayers' Bill of Rights (TABOR). The bill aims to ensure that these revenues are not included in the state's fiscal year spending limit calculations, aligning with the constitutional exemption for such collections.