Colorado § 24-77-105 Emergency taxes - declaration of emergency - limitation

Colorado Statutes

§ 24-77-105 — Emergency taxes - declaration of emergency - limitation

Colorado·Title 24 Government·Art. State Fiscal Policies Relating to Section 20

(1)Emergency taxes may be imposed by the state pursuant to the requirements set forth in paragraph (a) of subsection (2) of this section without prior approval of the registered electors of the state; except that no state property tax shall be imposed as an emergency tax.

(2)(a) Any emergency tax may be imposed by the state upon:

(I)The declaration of a state emergency by the passage of a joint resolution which is approved by a two-thirds majority of the members of both houses of the general assembly and which is approved by the governor in accordance with section 39 of article V of the state constitution; and

(II)The imposition of an emergency tax by the passage of a bill which is approved by a two-thirds majority of the members of both houses of the general assembly and

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(1)
Emergency taxes may be imposed by the state pursuant to the requirements set
forth in paragraph (a) of subsection (2) of this section without prior approval of the
registered electors of the state; except that no state property tax shall be imposed
as an emergency tax.

(2) (a) Any emergency tax may be imposed by the state upon:

(I) The declaration of a state emergency by the passage of a joint resolution
which is approved by a two-thirds majority of the members of both houses of the
general assembly and which is approved by the governor in accordance with
section 39 of article V of the state constitution; and

(II) The imposition of an emergency tax by the passage of a bill which is
approved by a two-thirds majority of the members of both houses of the general
assembly and which is approved by the governor in accordance with section 11 of
article IV of the state constitution.

(b) Any emergency tax which is imposed pursuant to paragraph (a) of this
subsection (2) shall be subject to approval by a majority of the registered electors
of the state at the next statewide election which occurs sixty days or more after the
declaration of the emergency pursuant to subparagraph (I) of paragraph (a) of this
subsection (2). Any emergency tax which is not approved at such election shall
expire as of the last day of the month in which such election was held.

(3) Revenues from any emergency tax imposed pursuant to the provisions of
subsection (2) of this section shall not be expended until all of the state emergency
reserve has been expended for such emergency.

(4) Any emergency tax revenues which are not expended on the declared
state emergency shall be refunded within one hundred eighty days after such
emergency has ended.

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