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--- version:Rerevised+++ version:(document, no version)@@ -1,153 +1,33 @@-Second Regular Session-Seventy-fifth General Assembly-STATE OF COLORADO-REREVISED-This Version Includes All Amendments-Adopted in the Second House-LLS NO. 26-0466.01 Rebecca Bayetti x4348 HOUSE BILL 26-1084-House Committees Senate Committees-State, Civic, Military, & Veterans Affairs State, Veterans, & Military Affairs-A BILL FOR AN ACT-CONCERNING VOTER TRANSPARENCY REQUIREMENTS TO EXPAND101-INFORMATION ABOUT THE FUNDING OF INITIATED STATEWIDE102-BALLOT MEASURES , AND , IN CONNECTION THEREWITH ,103-REQUIRING THE ABSTRACT OF THE FISCAL IMPACT104-STATEMENT FOR CERTAIN INITIATED STATEWIDE BALLOT105-MEASURES TO DESCRIBE THE MEASURE'S LIKELY EFFECT ON THE106-MAIN AREAS OF STATE EXPENDITURE.107-Bill Summary-(Note: This summary applies to this bill as introduced and does-not reflect any amendments that may be subsequently adopted. If this bill-passes third reading in the house of introduction, a bill summary that-applies to the reengrossed version of this bill will be available at-http://leg.colorado.gov-.)-SENATE-3rd Reading Unamended-April 17, 2026-SENATE-Amended 2nd Reading-April 16, 2026-HOUSE-3rd Reading Unamended-March 6, 2026-HOUSE-Amended 2nd Reading-March 5, 2026-HOUSE SPONSORSHIP-Espenoza and Camacho, Boesenecker, Brown, Clifford, Duran, Garcia, Goldstein,-Hamrick, Jackson, Lindsay, Lukens, Mabrey , Mauro, McCluskie, McCormick, Nguyen,-Rutinel, Sirota, Smith, Stewart R., Story, Titone-SENATE SPONSORSHIP-Weissman and Lindstedt, Benavidez, Coleman, Exum, Gonzales J., Hinrichsen, Kipp,-Roberts, Snyder, Sullivan, Wallace-Shading denotes HOUSE amendment. Double underlining denotes SENATE amendment.-Capital letters or bold & italic numbers indicate new material to be added to existing law.-Dashes through the words or numbers indicate deletions from existing law.-The bill requires that certain language appear in the ballot title for-an initiated statewide measure that would increase state expenditures but-does not identify and provide for a sufficient source of revenue or-sufficient reductions in state spending for specific public services or-program areas to account for the increased expenditures (measure that-increases state expenditures). The ballot title for a measure that increases-state expenditures must include language identifying the 3 largest-program areas of state expenditures for which state expenditures will be-reduced if the measure passes, which must be in a format substantially-similar to the following language: "... will reduce state expenditures for-program areas that include (the 3 largest areas of program expenditure)-by an estimated (projected dollar figure of reduction to those areas in the-first full fiscal year that the measure will cause the reduction) ...". If the-ballot measure specifies the public services or programs that are to be-reduced, those public services or programs must be stated in the ballot-title.-The bill also requires the ballot information booklet entry for a-measure that increases state expenditures to include a description of the-measure's projected effect on the 3 largest areas of program expenditure-of the state and modifies existing statutory language to mirror this change.-Be it enacted by the General Assembly of the State of Colorado:1-SECTION 1. In Colorado Revised Statutes, 1-40-106, amend2-(3)(e) as follows:-3-1-40-106. Title board - meetings - ballot title - initiative and4-referendum - definitions - rules.5-(3) (e) For measures that reduce state tax revenue through a tax6-change, the ballot title must begin "Shall there be a reduction to the7-(description of tax) by (the percentage by which the tax is reduced in the8-first full fiscal year that the measure reduces revenue) thereby reducing9-state revenue, which will LIKELY reduce funding for state expenditures10-that include but are not limited to (the three largest areas of program11-expenditure) by an estimated (projected dollar figure of revenue reduction12-to the state in the first full fiscal year that the measure reduces revenue)13-1084-2--in tax revenue...?". If the ballot measure specifies the public services or1-programs that are to be reduced by the tax change, those public services2-or programs must be stated in the ballot title. If the public services or3-programs identified in the measure are insufficient to account for the full4-dollar value of the tax change in the first full fiscal year that the measure5-reduces revenue, then the three largest areas of program expenditure must6-be stated in the bill title along with the public services or programs7-identified in the measure. The estimates reflected in the ballot title shall8-not be interpreted as restrictions of the state's budgeting process.9- 10-SECTION 2. In Colorado Revised Statutes, 1-40-124.5, amend11-(1)(b) introductory portion, (1)(b)(III)(L), and (1)(b)(IV); and add12-(1)(b)(V) as follows:13-1-40-124.5. Ballot information booklet.14-(1) (b) The director of research of the legislative council of the15-general assembly shall prepare a fiscal impact statement for every16-initiated or referred measure, taking into consideration fiscal impact17-information submitted by the office of state planning and budgeting, the18-department of local affairs or any other state agency, and any proponent19-or other interested person. The fiscal impact statement prepared for every20-measure shall MUST be substantially similar in form and content to the21-fiscal notes provided by the legislative council of the general assembly for22-legislative measures pursuant to section 2-2-322. A complete copy of the23-fiscal impact statement for such THE measure shall MUST be available24-through the legislative council of the general assembly. The ballot25-information booklet shall MUST indicate whether there is a fiscal impact26-for each initiated or referred measure and shall MUST abstract the fiscal27-1084-3--impact statement for such THE measure. The abstract for every measure1-shall MUST appear after the arguments for and against such THE measure2-in the analysis section of the ballot information booklet and shall MUST3-include, but shall IS not be limited to:4-(III) For any initiated or referred measure that modifies the state5-tax laws, if the measure would either increase or decrease individual6-income tax revenue or state sales tax revenue, a table that shows the7-number of tax filers in each income category, the total change in the8-amount of tax owed for each income category, and the average change in9-the amount of tax owed for each filer within each income category. If the10-change in the amount of tax owed shown in the table is an increase, the11-change must be expressed as a dollar amount preceded by a plus sign. If12-the change in the amount of tax owed shown in the table is a decrease, the13-change must be expressed as a dollar amount preceded by a negative sign.14-The table must use the following income categories:15-(L) Federal adjusted gross income greater than or equal to one16-million dollars; and17-(IV) If the measure contains a proposed tax change, as defined in18-section 1-40-106 (3)(i)(II), that reduces state tax revenue, a description of19-the MEASURE'S LIKELY EFFECT ON THE three largest areas of program20-expenditure, as defined in section 1-40-106 (3)(i)(I); AND21-(V) FOR AN INITIATED MEASURE THAT WILL RESULT IN INCREASED22-STATE EXPENDITURES , EXCEPT FOR DE MINIMIS AND ADMINISTRATIVE23-EXPENDITURES, AND THAT DOES NOT IDENTIFY AND PROVIDE FOR A24-SUFFICIENT SOURCE OF REVENUE OR SUFFICIENT REDUCTIONS IN STATE25-SPENDING TO ACCOUNT FOR THE INCREASED EXPENDITURES , A26-DESCRIPTION OF THE MEASURE'S LIKELY EFFECT ON THE THREE LARGEST27-1084-4--AREAS OF PROGRAM EXPENDITURE , AS DEFINED IN SECTION 1-40-1061-(3)(i)(I).2-SECTION 3. Act subject to petition - effective date -3-applicability. (1) This act takes effect at 12:01 a.m. on the day following4-the expiration of the ninety-day period after final adjournment of the5-general assembly (August 12, 2026, if adjournment sine die is on May 13,6-2026); except that, if a referendum petition is filed pursuant to section 17-(3) of article V of the state constitution against this act or an item, section,8-or part of this act within such period, then the act, item, section, or part9-will not take effect unless approved by the people at the general election10-to be held in November 2026 and, in such case, will take effect on the11-date of the official declaration of the vote thereon by the governor.12-(2) This act applies to initiative petition drafts submitted to the13-secretary of state for title setting on or after the applicable effective date14-of this act.15-1084-5-+HB1084_L.002 Amendment No. ___________+HB26-1084+HOUSE FLOOR AMENDMENT+Second Reading BY REPRESENTATIVE Luck+1 Amend printed bill, page 2, line 2, after "amend" insert "(3)(e) and".+2 Page 2, after line 5 insert:+3 "(3) (e) For measures that reduce state tax revenue through a tax+4 change, the ballot title must begin "Shall there be a reduction to the+5 (description of tax) by (the percentage by which the tax is reduced in the+6 first full fiscal year that the measure reduces revenue) thereby reducing+7 state revenue, which will reduce funding for state expenditures that+8 include but are not limited to (the three largest areas of program+9 expenditure) by an estimated (projected dollar figure of revenue reduction+10 to the state in the first full fiscal year that the measure reduces revenue)+11 in tax revenue...?". If the ballot measure specifies the public services or+12 programs that are to be reduced by the tax change, those public services+13 or programs must be stated in the ballot title, AND THE INCLUSION OF THE+14 PUBLIC SERVICES OR PROGRAMS DOES NOT RAISE SINGLE SUBJECT+15 CONCERNS SUCH THAT THE TITLE BOARD DOES NOT HAVE JURISDICTION TO+16 SET A TITLE FOR THE MEASURE. If the public services or programs+17 identified in the measure are insufficient to account for the full dollar+18 value of the tax change in the first full fiscal year that the measure+19 reduces revenue, then the three largest areas of program expenditure must+20 be stated in the bill title along with the public services or programs+21 identified in the measure. The estimates reflected in the ballot title shall+22 not be interpreted as restrictions of the state's budgeting process.".+23 Page 2, line 6, strike "(3)".+24 Page 3, line 6, strike "TITLE." and substitute "TITLE, AND THE INCLUSION+25 OF THE PUBLIC SERVICES OR PROGRAMS DOES NOT RAISE SINGLE SUBJECT+26 CONCERNS SUCH THAT THE TITLE BOARD DOES NOT HAVE JURISDICTION TO+27 SET A TITLE FOR THE MEASURE.".+** *** ** *** **+LLS: Rebecca Bayetti x4348
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