Rep. Patrick Neville

The act states that if the United States food and drug administration approves a prescription medicine that contains 3,4-methylenedioxymethamphetamine (MDMA), and if that medicine has been placed on a schedule of the federal "Controlled Substances Act", other than schedule I, or has been exempted from one or more provisions of such act, then thereafter prescribing, dispensing, transporting, possessing, and using that prescription drug is legal in Colorado only if the medicine is possessed by a person authorized to legally possess such a controlled substance in Colorado. (Note: This summary applies to this bill as enacted.)

The act prohibits a hospital or other person or entity collecting on behalf of the hospital from initiating or pursuing collection actions against a patient or patient guarantor for debt incurred by the patient on the date or dates of service when the hospital was not in material compliance with federal hospital price transparency laws. Nothing in the act: Prohibits a hospital from billing a patient or health insurer for items or services provided to the patient; or Requires a hospital to refund a payment made to the hospital for items or services provided to a patient. If a patient believes that a hospital was not in material compliance with price transparency laws, the patient or patient guarantor may file a lawsuit. If a judge or jury finds the hospital out of material compliance with federal hospital price transparency laws, the hospital is subject to a penalty equal to the amount of the debt, must refund any amount paid on the debt, dismiss any court action initiated by the hospital, and pay attorney fees and costs the patient or patient guarantor incurred relating to the action. Critical access hospitals have until February 15, 2023, to comply with federal hospital price transparency laws before the provisions of the act apply. (Note: This summary applies to this bill as enacted.)

Currently, "United States Mountain Standard Time" (MST), defined in federal law as coordinated universal time minus 7 hours, is the standard time within Colorado. During the period of daylight saving time (i.e., the second Sunday in March to the first Sunday in November) time is advanced one hour. Federal law allows a state to stay on standard time year round, but does not currently allow a state to adopt daylight saving time year round. The act makes daylight saving time, defined as coordinated universal time minus 6 hours, the year-round standard time within the state. The change takes effect only if a federal law is enacted to allow states to remain on daylight saving time year round and at least 4 states in the MST zone, in addition to Colorado, enact legislation making daylight saving time the state's standard time throughout the year. (Note: This summary applies to this bill as enacted.)

The school security disbursement program (program), which was repealed in 2021, is recreated and reenacted in the department of public safety (department) to provide funding for school districts, district charter schools, institute charter schools, boards of cooperative services, and eligible nonprofit organizations (eligible entities) to implement school security improvements to prevent incidents of school violence. Eligible entities may apply for a disbursement by submitting an application to the department. An eligible entity that receives a disbursement may use the money for one or more of the following purposes: Capital construction that improves the security of a public school facility or public school vehicle; Training in student threat assessment for school staff; In collaboration with local law enforcement agencies, providing the training for peace officers on interactions with students at school; School emergency response training for school staff; Programs to help students become more resilient in meeting the daily challenges they face without resorting to violence against themselves or others; Developing and providing training programs, curricula, and seminars related to school safety incident response; and Developing best practices and protocols related to school safety incident response. The department is required to review the applications received from eligible entities and, subject to available appropriations, to disburse money to applicants that satisfy the application requirements from money credited to the school security disbursement cash fund. The department is required to give priority to applicants that commit to providing matching money for the amount of the disbursement received. Each disbursement recipient is required to report to the department concerning its use of the money, and the department is required to annually provide a summary of the reports to specified committees of the general assembly. The program is repealed, effective July 1, 2032. (Note: This summary applies to this bill as enacted.)

For the 2023 property tax year: Section 1 of the act reduces the valuation for assessment of nonresidential property, excluding agricultural and renewable energy production nonresidential property, from 29% of the actual value of the property to 27.9% of the actual value of the property; Section 2 reduces the valuation for assessment of residential property, including multi-family residential property, to 6.765% of the actual value of the property; and Sections 1 and 3 reduce the actual value used for purposes of the valuation for assessment of commercial real property by $30,000 and of residential real property by $15,000, but in either case to no less than $1,000. For the 2024 property tax year: Section 1 continues the valuation for assessment of real and personal property that is classified as agricultural property or renewable energy production property at 26.4% of the actual value of the property; Section 2 establishes the valuation for assessment for all residential real property other than multi-family residential real property as the percentage of the actual value of such property determined by a calculation made by the property tax administrator as required by section 4; and Section 2 also establishes the valuation for assessment for multi-family residential real property as 6.8% of the actual value of the property. Section 4 requires the adjustment of the ratio of valuation for assessment for all residential real property other than multi-family residential real property for the 2024 property tax year so that the aggregate decrease in local government property tax revenue during the 2023 and 2024 property tax years, as a result of the act, equals $700 million. Section 5 requires the state treasurer to reimburse counties for the reduction in property tax revenue resulting from the act during the 2023 property tax year and requires the property tax administrator, using information provided by each county treasurer, to report this amount to the general assembly. The state treasurer is required to fully reimburse any county that: Had an increase of less than 10% in assessed value of real property between the 2022 and 2023 property tax years; and Has a population of 300,000 or fewer. The state treasurer is also required to reimburse a county 90% of the amount of the reduction if the county: Had an increase of 10% or more in assessed value of real property between the 2022 and 2023 property tax years; and Has a population of 300,000 or fewer. Lastly, the state treasurer is also required to reimburse any county that does not qualify for full or 90% reimbursement 65% of the amount of the reduction excluding the aggregate decrease in local government property tax revenue during the 2023 and 2024 property tax years, as a result of the act for municipalities, fire districts, health services districts, water districts, sanitation districts, school districts, and library districts in those counties. If municipalities, fire districts, health services districts, water districts, sanitation districts, and library districts in those counties had an increase of less than 10 % in assessed value of real property between the 2022 and 2023 property tax years, the state treasurer is required to reimburse the entire amount of the aggregate decrease in local government property tax revenue for those local governmental entities during the 2023 property tax years, as a result of the act. If municipalities, fire districts, health services districts, water districts sanitation districts, and library districts in those counties had an increase of 10% or more in assessed value of real property between the 2022 and 2023 property tax years, the state treasurer is required to reimburse 90% of the aggregate decrease in local government property tax revenue for those local governmental entities during the 2023 property tax years, as a result of the act. County treasurers must then distribute these reimbursements to the local governmental entities, excluding school districts, within the treasurer's county as if the revenue had been regularly paid as property tax. The lesser of $240 million of reimbursement or the amount of reimbursement that can be paid from such excess state revenues must be paid as a refund of state fiscal year 2022-23 excess state revenues that are not being refunded through specified existing refund mechanisms, and the rest of the reimbursement must be paid from the general fund. For school districts, section 6 requires the state treasurer to transfer $200 million from the general fund to the state public school fund to offset school district property tax revenue reductions. Section 5 also requires the property tax administrator to prepare a report that identifies the aggregate reduction in local government property tax revenue during the 2023 property tax year resulting from the act. (Note: This summary applies to this bill as enacted.)

The property tax administrator is required by law, after consultation with the advisory committee to the property tax administrator and subject to the approval of the state board of equalization, to prepare and publish manuals, appraisal procedures, instructions, and guidelines (property tax materials) concerning the administration of property tax. Beginning January 1, 2023, section 1 of the act requires the administrator to conduct a public hearing on a proposed change to the property tax materials before submitting the proposed change to the advisory committee to the property tax administrator. The administrator must publish notice of the hearing and mail notice to those people who so request. At the hearing, interested persons may submit information and the administrator is required to consider any submissions. Any interested person may also file a written petition to the administrator for the issuance, amendment, or repeal of any property tax materials. Currently, a taxpayer who wishes to protest the valuation of their taxable real property must file a notice of their objection and protest with the assessor by June 1. Sections 3 and 4 extend this deadline to June 8. Section 4 also requires an assessor who discovers any error that impacts the valuation of a class or subclass of property to recommend to the county board of equalization an adjustment to the class or subclass of property to correct the error. Section 5 requires the state board of assessment appeals to advance an appeal concerning the valuation of rent-producing commercial real property on the board of assessment appeals' calendar when the taxpayer provides certain relevant information and requests an advancement on or before July 15 of the same calendar year. The board of assessment appeals may charge a fee to a taxpayer, if the board of assessment appeals advances the taxpayer's appeal. Section 6 places a 5% cap on the amount by which a valuation of property set by a county board of equalization can be increased on appeal. $2000 is appropriated from the general fund to the department of local affairs for use by the board of assessment appeals for implementation of the act. (Note: This summary applies to this bill as enacted.)

Under current law, public money may be deposited in or invested with banks and savings and loan associations that are protected by the federal deposit insurance corporation. The bill permits the deposit or investment of public money with a credit union that is federally insured by the national credit union administration.Section 1 of the bill authorizes credit unions to make loans to public entities, and section 2 authorizes the state commissioner of financial services to assess each credit union for the cost of monitoring compliance with laws that protect public deposits.Section 4 renames the "Savings and Loan Association Public Deposit Protection Act" the "Credit Union and Savings and Loan Association Public Deposit Protection Act" (deposit protection act), and sections 5 through 13 add references to credit unions throughout the deposit protection act.Section 15 amends the law allowing public entities to use depositories that are federally insured to include credit unions.Sections 3, 14, and 16 through 24 make conforming amendments to statute to authorize public entities or officials to deposit money with federally insured credit unions and to reflect the renaming of the deposit protection act. (Note: This summary applies to this bill as introduced.)

With certain exceptions, current law prohibits a concealed carry permit holder from carrying a concealed handgun on public elementary, middle, junior high, or high school grounds. The bill removes this limitation. The bill prohibits a local government from prohibiting carrying a concealed handgun on school grounds by a person who has a valid concealed carry permit. (Note: This summary applies to this bill as introduced.)