§ 39-21-401 — Legislative declaration

Colorado § 39-21-401

• Jurisdiction: Colorado
• Title 39: Taxation
• Art.: Procedure and Administration

Text

(1) The general assembly finds and
declares that:

(a) In 2000, the general assembly enacted the formation of a temporary
commission on taxation for the purpose of reviewing and reporting on the current
system of taxation by state and local governments and making recommendations
for modifications;

(b) The state of Colorado and its citizens have experienced many changes
since the last comprehensive review and analysis of tax policy was completed;

(c) The tax structure of the state and local governments in Colorado has
become more complicated and outdated through a long history of incremental and
piecemeal modifications made by statutory and constitutional enactments that
have resulted in unintended consequences;

(d) These modifications may have resulted in the tax burden for financing
government services and programs being borne disproportionately by certain
taxpayers and may have diminished Colorado's ability to attract new businesses
and retain existing businesses that are vital to the economic well-being of the state
and its citizens; and

(e) It is therefore necessary to review the state's current tax policy.

(2) The general assembly further finds and declares that it is necessary to
create the legislative oversight committee concerning tax policy and, in addition,
establish the committee as the appropriate entity to review the evaluations of tax
expenditures that are statutorily completed by the state auditor.

Legislative History

Source: L. 2021: Entire part added, (HB 21-1077), ch. 468, p. 3365, � 1, effective July 7.