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Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.

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HB26-1059 • 2026

Cost Recovery Cash Fund Consolidation

Current law allows the department of revenue (department) to retain an amount equal to its administrative costs in collecting, administering, and enforcing the production fees for clean transit and wi

Budget Energy Taxes
Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Rep. A. Hartsook, Rep. R. Stewart, Sen. L. Frizell, Sen. M. Snyder, Rep. A. Boesenecker, Rep. M. Duran, Rep. R. Weinberg, Sen. J. Coleman, Sen. C. Kipp
Last action
2026-05-29
Official status
Governor Signed
Effective date
Not listed

Plain English Breakdown

The official summary lists specific fees (clean transit, wildlife and land remediation, prepaid wireless) that are subject to cost recovery but does not explicitly name their individual funds in the list of repealed funds; however, it confirms all retained money goes into one new fund.

Consolidating Cost Recovery Cash Funds

This law combines several separate state funds used to pay for fee collection costs into one single fund and requires a yearly report on those costs.

What This Bill Does

  • Removes the existing oil and gas production fees, enterprise per ride fees, and retail delivery fees cost recovery funds.
  • Creates one new cost recovery cash fund to hold money kept by the Department of Revenue for administrative work related to collecting specific fees.
  • Requires the state treasurer to send all retained fee collection costs into this single new fund instead of multiple old ones.
  • Mandates that the department submit an annual report starting November 1, 2027, detailing the costs and tasks involved in collecting fees.

Who It Names or Affects

  • The Colorado Department of Revenue
  • The State Treasurer's office
  • The Joint Budget Committee

Terms To Know

Cost recovery cash fund
A state account that holds money kept by the government to pay for the costs of collecting fees.
Administrative costs
The expenses a department spends on tasks like managing, enforcing, and gathering fees from people or businesses.

Limits and Unknowns

  • The bill does not state the exact date when this law officially takes effect.
  • The text does not specify how much money is currently in each of the old funds being removed.
  • The report required by the act only begins on November 1, 2027.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

L.001

HOU Appropriations

Passed [*]

Plain English: This amendment requires the Department of Revenue to send an annual report starting in November 2027 that details how much it costs to collect and manage fees from a specific cash fund.

  • The department must submit a new yearly report by November 1, beginning with the year 2027.
  • This amendment only adds reporting requirements; it does not change how much money is collected or spent.
  • The text states that details on specific tasks are required only if information is easily available and applies to fees with the highest costs, which may limit what data appears in future reports.

Bill History

  1. 2026-05-29 Governor

    Governor Signed

  2. 2026-05-28 Governor

    Sent to the Governor

  3. 2026-05-28 Senate

    Signed by the President of the Senate

  4. 2026-05-28 House

    Signed by the Speaker of the House

  5. 2026-05-11 Senate

    Senate Third Reading Passed - No Amendments

  6. 2026-05-08 Senate

    Senate Second Reading Special Order - Passed - No Amendments

  7. 2026-05-08 Senate

    Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole

  8. 2026-05-07 Senate

    Senate Committee on Finance Refer Unamended to Appropriations

  9. 2026-05-05 Senate

    Introduced In Senate - Assigned to Finance

  10. 2026-05-04 House

    House Third Reading Passed - No Amendments

  11. 2026-05-01 House

    House Second Reading Special Order - Passed with Amendments - Committee

  12. 2026-05-01 House

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

  13. 2026-01-29 House

    House Committee on Finance Refer Unamended to Appropriations

  14. 2026-01-14 House

    Introduced In House - Assigned to Finance

Official Summary Text

Current law allows the department of revenue (department) to retain an amount equal to its administrative costs in collecting, administering, and enforcing the production fees for clean transit and wildlife and land remediation, the enterprise per ride fees, the retail delivery fees, and the enterprise retail delivery fees. Current law also allows the department to retain 3% of the prepaid wireless trust cash fund to mitigate administrative costs. The money retained by the department is currently transmitted into multiple individual cost recovery cash funds that are used to mitigate the department's administrative costs of collecting those fees and charges. These cash funds include the oil and gas production fees collection fund, the enterprise per ride fees fund, and the retail delivery fees fund (cost recovery funds).
The act repeals each of these cost recovery funds and directs the state treasurer to transmit the money retained by the department to mitigate the department's administrative costs for all the programs into a single cost recovery cash fund, which is created in the act. The act also requires the department to submit an annual report starting November 1, 2027, to the joint budget committee with information about the costs associated with collecting, administering, and enforcing the fees and, where applicable, the specific tasks that contribute significantly to the fee collection workload.
(Note: This summary applies to this bill as enacted.)