HB 1419 Colorado House · 2026 Regular Session

Over-Refund of Excess State Revenues

Summary

Section 20 of article X of the state constitution (TABOR) imposes a limitation on the amount of state fiscal year spending. If state fiscal year spending exceeds that limitation, the state is required to refund the amount of state fiscal year spending in excess of that limitation (TABOR refund). Under current law, if the state issues a TABOR refund for a state fiscal year, and the amount of that TABOR refund is greater than the amount of state fiscal year spending in excess of the limitation of state fiscal year spending for the state fiscal year (over-refund), the state reduces the amount of the next available TABOR refund by the amount of the over-refund. Changes in federal tax policy in 2025 reduced the amount of state tax revenue for the 2025 tax year. Due to when this change in federal tax policy was signed into law, it was not reflected in the amount of state fiscal year 2024-25 spending, even though the change impacted the 2025 tax year. Accordingly, if the state controller certifies in September 2026 that state revenues for state fiscal year 2025-26 did not exceed the limitation on the amount of state fiscal year spending for that state fiscal year, the act directs the office of the state controller, in consultation with the office of state planning and budgeting and the department of revenue, to determine the amount of the over-refund for state fiscal year 2024-25, taking into account the impact on state revenues from the federal tax policy change. No more than one-half of this over-refund can offset future TABOR refunds for any single state fiscal year beginning with the 2026-27 state fiscal year. $18,021 is appropriated from the general fund to the legislative department for use by the office of the state auditor to implement the act.(Note: This summary applies to this bill as enacted.)

Bill status signed all 5 stages cleared

Introduction

Apr 2026

Committee Review

May 2026

House Passage

Jun 2026

Senate Passage

Jun 2026

Signed into Law

Jun 2026

Introduced Apr 21, 2026 Signed Jun 3, 2026

Maddy AI version diff · 5 comparisons

What changed between versions

Rerevised → Final Act · 5 edits · Jun 1, 2026

MODERATE

This bill was updated to add new sponsors and correct the bill title and summary to accurately reflect the specific financial impact of federal tax law changes (H.R. 1) on Colorado's 2024-25 budget. The core policy remains the same: it directs the State Controller to adjust the calculation of the TABOR refund for 2024-25 to account for revenue lost due to federal tax cuts, ensuring the state complies with constitutional spending limits.

Scope change

The bill's scope was clarified by updating the title and summary to explicitly mention the federal tax policy change (H.R. 1) as the cause for the revenue shortfall, whereas the previous version had a more general description of the issue.

ELIGIBILITY

Added Representative Carter, Nguyen, and McCluskie to the list of House sponsors.

TECHNICAL

Added a note indicating the bill is prepared for signatures by legislative officers and the Governor.

Replaced the previous Bill Summary with a detailed explanation of why the accounting correction is necessary and how it shifts certified revenue between fiscal years without changing the total refund to taxpayers.

SCOPE

Changed the bill title and summary to specifically link the over-refund calculation to the revenue reductions caused by H.R. 1 of the 119th Congress.

DEFINITION

Updated the legislative declaration to explain that federal tax changes impacted 2025 income tax revenue, which was only accrued to the 2025-26 fiscal year, creating an accounting discrepancy for 2024-25.

Floor votes · Senate May 12, 2026 · House Apr 30, 2026

How they voted

42–21

Passed · 1 other

Total votes 64

May 12, 2026

D Democratic42

41 Yea 1

97% Yea

R Republican22

1 Yea 21 Nay

95% Nay

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jun 3, 2026

Signed into law

Governor Signed

executive

Jun 2, 2026

Upper · Passed

Signed by the President of the Senate

upper

Jun 2, 2026

Lower · Passed

Signed by the Speaker of the House

lower

May 12, 2026

Introduced

House Considered Senate Amendments - Result was to Concur - Repass

lower

May 12, 2026

Senate · Passed

Senate Vote: pass (42-21-1)

senate

May 11, 2026

Upper · Passed

Senate Third Reading Passed - No Amendments

upper

May 6, 2026

Upper · Passed

Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole

upper

May 1, 2026

Introduced

Introduced In Senate - Assigned to Appropriations

upper

Apr 30, 2026

Lower · Passed

House Third Reading Passed - No Amendments

lower

Apr 24, 2026

Lower · Passed

House Committee on Appropriations Refer Amended to House Committee of the Whole

lower

Apr 21, 2026

Introduced

Introduced In House - Assigned to Appropriations

lower

4 primary · 15 co-sponsors