Colorado limits TABOR over-refund offsets and appropriates $18,021 for state auditor review

Original title: Over-Refund of Excess State Revenues

Last action · June 3, 2026: Governor SignedSponsors: Kyle Brown and 18 others

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What This Bill Does

Colorado limits future deductions following a 2024-25 caused by 2025 federal tax changes, capping single-year offsets at no more than one-half of the over-refund beginning in the 2026-27 budget year. The measure directs the state controller, state planning and budgeting office, and department of revenue to calculate the over-refund after a September 2026 certification. Additionally, the act appropriates $18,021 from the general fund to the legislative department for the state auditor.

Why it matters

Determines how and when taxpayers repay past state revenue s by capping annual offsets, and allocates state funds for legislative audit implementation.

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

taxpayers

Future TABOR refunds are subject to capped annual deduction limits when offsetting previous over-refunds.

Directly affected

office of the state controller

Required to determine the amount of the 2024-25 over-refund in consultation with other state offices.

Key Facts

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Frequently Asked Questions

What triggers the recalculation of the over-refund?

The state controller must certify in September 2026 that state revenues for the 2025-26 fiscal year did not exceed the spending limitation.

How much of the over-refund can be deducted from a single future year's refund?

No more than one-half of the can offset future s for any single state fiscal year starting in 2026-27.

What else do you want to know?

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Where This Stands

Current status: Signed into law.

Procedural history

17 actions

Jun 3, 2026Office of the GovernorEnrolled
Governor Signed
Jun 2, 2026HouseFloor
Signed by the Speaker of the House
Jun 2, 2026SenateFloor
Signed by the President of the Senate
Jun 2, 2026Office of the GovernorEnrolled
Sent to the Governor
May 12, 2026House
House Considered Senate Amendments - Result was to Concur - Repass
May 11, 2026SenateFloor
Senate Third Reading Passed - No Amendments

Show 11 earlier actions

May 8, 2026Senate
Senate Second Reading Special Order - Passed with Amendments - Committee
May 8, 2026Senate
Senate Second Reading Special Order - Passed with Amendments - No Amendments
May 8, 2026Senate
Senate Second Reading Special Order - Passed - No Amendments
May 6, 2026SenateCommittee
Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole
May 6, 2026Senate
Senate Second Reading Special Order - Laid Over Daily - No Amendments
May 1, 2026SenateIntroduced
Introduced In Senate - Assigned to Appropriations
Apr 30, 2026HouseFloor
House Third Reading Passed - No Amendments
Apr 29, 2026House
House Third Reading Laid Over Daily - No Amendments
Apr 28, 2026House
House Second Reading Special Order - Passed with Amendments - Committee, Floor
Apr 24, 2026HouseCommittee
House Committee on Appropriations Refer Amended to House Committee of the Whole
Apr 21, 2026HouseIntroduced
Introduced In House - Assigned to Appropriations

Version history

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