2022 Colorado Nonprofit Association Colorado Legislative Matrix

HB22-1305 Paid Family Medical Leave Premium Reduction 
Position: Monitor
Calendar Notification: NOT ON CALENDAR
News: Democrats’ plan to reduce Colorado’s paid family leave fees would last 6 months, cut premium rate by 0.09 percentage points
Sponsors: Y. Caraveo (D) | M. Gray (D) / F. Winter (D) | J. Coleman (D)
Summary: The bill reduces the premium paid by employers for the state's paid family and medical leave program, starting January 1, 2023, through June 30, 2023, from nine-tenths of 1% of wages per employee to eighty-one hundredths of 1% of wages per employee. The bill requires the state treasurer to transfer $57.5 million from the general fund to the family and medical leave insurance fund.
Status: 5/2/2022 Senate Committee on Finance Postpone Indefinitely
Fiscal Notes:

Fiscal Note


SB22-066 Restore Unemployment Insurance Fund Balance 
Position: Monitor
Calendar Notification: NOT ON CALENDAR
News: By the numbers: What's left in the 2022 Colorado General Assembly session
Sponsors: R. Woodward (R) / K. Van Winkle (R)
Summary: Requires the state treasurer to transfer $1.1B billion from the general fund to the unemployment compensation fund to restore the balance to pre-pandemic level; and requires the division of unemployment insurance to repay the federal government for $1.014 billion of advances received from the federal government in responding to the COVID-19 pandemic.
Status: 5/3/2022 Senate Committee on State, Veterans, & Military Affairs Postpone Indefinitely
Fiscal Notes:

Fiscal Note


SB22-119 Conservation Easement Tax Credit 
Position: Monitor
Calendar Notification: NOT ON CALENDAR
News:
Sponsors: C. Simpson (R) | F. Winter (D)
Summary: Creates a new state income tax credit for certain taxpayers who were denied state income tax credits for conservation easements donated between 2000 and 2013 if the federal internal revenue service allowed a federal income tax deduction for the same donation. A donation is eligible for the new credit only if the land subject to the donated conservation easement for which the original credits were disallowed was owned by the landowner, a family member of the landowner, or a trust or other legal entity controlled by the landowner or one or more members of the family of the landowner for not less than 3 consecutive years prior to the date of the donation. The amount of the new credit is based upon the amount of the original credit that could have been claimed at the time of the original donation based upon the value of the donation accepted by the internal revenue service; except that the fair market value of the land used to calculate the value of the new credit cannot exceed 250% of the donor's cost basis in the land subject to the donated conservation easement. The amount of the new credit is reduced by any amount that was allowed to be claimed against Colorado income tax or otherwise reinstated to the claimant of the original credit. The new credit is not refundable but may be carried forward or transferred in the same manner as the original credit. The department of revenue is required to make information about the new credit available online. The bill establishes a process for applying to the division of conservation to claim the new credit. If the original credit that was denied was transferred to another taxpayer as transferee, the bill provides a process for all parties to the transaction to submit a mutual application to claim the new credit or, if there is objection, an ombudsman process to resolve disputes about the distribution of the credit.
Status: 5/10/2022 Senate Committee on Appropriations Postpone Indefinitely
Fiscal Notes:

Fiscal Note