Amendments for SB20-168
Senate Journal, March 2
After consideration on the merits, the Committee recommends that SB20-168 be amended
as follows, and as so amended, be referred to the Committee on Finance with favorable
recommendation.
Amend printed bill, page 4, line 22, strike "THE" and substitute "EXCEPT
AS SET FORTH IN SUBSECTION (4)(c) OF THIS SECTION, THE".
Page 4, after line 25 insert:
"(c) ON JUNE 30, 2022, AND JUNE 30 OF EACH OF THE NEXT FOUR
YEARS THEREAFTER, THE STATE TREASURER SHALL TRANSFER ANY
MONEY IN THE FUND AS OF THAT DATE TO THE JUST TRANSITION CASH
FUND, CREATED IN SECTION 8-83-504 (1).".
Page 8, line 26, strike "JULY 1, 2020," and substitute "JANUARY 1, 2021,".
Page 9, line 3, strike "2020," and substitute "2021,".
Page 9, line 7, strike "2020," and substitute "2021,".
Page 9, line 22, strike "JUNE 30," and substitute "JULY 1,".
Page 12, after line 1 insert:
"SECTION 7. In Colorado Revised Statutes, 8-83-504, amend
(1) as follows:
8-83-504. Just transition cash fund. (1) There is hereby created
in the state treasury the just transition cash fund. The fund consists of
money credited TRANSFERRED to the fund IN ACCORDANCE WITH SECTION
39-3-118.7 (4)(c) and any other money that the general assembly may
appropriate or transfer to the fund. The state treasurer shall credit all
interest and income derived from the deposit and investment of money
in the fund to the fund. Subject to annual appropriation by the general
assembly, the office may expend money from the fund for purposes
specified in this part 5, including paying for the office's direct and
indirect costs in administering this part 5.".
Renumber succeeding section accordingly.
Trans-
portation &
Energy
Senate Journal, March 13
After consideration on the merits, the Committee recommends that SB20-168 be amended
as follows, and as so amended, be referred to the Committee on Appropriations with
favorable recommendation.
Amend printed bill, page 8, line 24, strike "(4)" and substitute "(4); and
add (3.5)".
Page 8, strike line 27.
Page 9, strike line 1 and substitute "(1) of this section shall be IS imposed
on the first:
(I) Three hundred thousand tons of coal produced in each quarter
of the taxable year 2020 TAXABLE YEAR;
(II) TWO HUNDRED FORTY THOUSAND TONS OF COAL PRODUCED
IN EACH QUARTER OF THE 2021 TAXABLE YEAR;
(III) ONE HUNDRED EIGHTY THOUSAND TONS OF COAL PRODUCED
IN EACH QUARTER OF THE 2022 TAXABLE YEAR;
(IV) ONE HUNDRED TWENTY THOUSAND TONS OF COAL PRODUCED
IN EACH QUARTER OF THE 2023 TAXABLE YEAR; AND
(V) SIXTY THOUSAND TONS OF COAL PRODUCED IN EACH QUARTER
OF THE 2024 TAXABLE YEAR.".
Page 9, line 4, strike "fifty percent" and substitute "fifty percent THE
PERCENTAGE SET FORTH IN SUBSECTION (3.5) OF THIS SECTION".
Page 9, after line 5 insert:
"(3.5) THE PERCENTAGE FOR THE CREDITS ALLOWED UNDER
SUBSECTIONS (3) AND (4) OF THIS SECTION IS EQUAL TO:
(a) FIFTY PERCENT FOR THE 2020 TAXABLE YEAR;
(b) FORTY PERCENT FOR THE 2021 TAXABLE YEAR;
(c) THIRTY PERCENT FOR THE 2022 TAXABLE YEAR;
(d) TWENTY PERCENT FOR THE 2023 TAXABLE YEAR; AND
(e) TEN PERCENT FOR THE 2024 TAXABLE YEAR.".
Page 9, line 8, strike "fifty percent" and substitute "fifty percent THE
PERCENTAGE SET FORTH IN SUBSECTION (3.5) OF THIS SECTION".
Amend the Transportation & Energy Committee Report, dated February
27, 2020, page 1, line 8, strike "2021,"." and substitute "2025,".".
Page 1 of the report, line 9, strike "2021,"." and substitute "2025,".".
Page 1 of the report, line 10, strike "2021,"." and substitute "2025,".".
Finance