First Regular Session
Seventy-fourth General Assembly
STATE OF COLORADO
INTRODUCED
LLS NO. 23-0240.01 Jed Franklin x5484
SENATE BILL 23-049
Senate Committees House Committees
Finance
A BILL FOR AN ACT
C
ONCERNING THE REGISTRATION EXEMPTION FOR SPECIAL MOBILE101
MACHINERY, AND, IN CONNECTION THEREWITH , ELIMINATING102
THE REQUIREMENT THAT AN OWNER OF SUCH MACHINERY103
REGULARLY HAVE AT LEAST ONE THOUSAND ITEMS OF SUCH104
MACHINERY IN THE STATE TO OBTAIN A REGISTRATION EXEMPT105
CERTIFICATE FOR THE MACHINERY .106
Bill Summary
(Note: This summary applies to this bill as introduced and does
not reflect any amendments that may be subsequently adopted. If this bill
passes third reading in the house of introduction, a bill summary that
applies to the reengrossed version of this bill will be available at
http://leg.colorado.gov
.)
Under current law, an owner of special mobile machinery may
SENATE SPONSORSHIP
Zenzinger and Van Winkle,
HOUSE SPONSORSHIP
Snyder and Bockenfeld,
Shading denotes HOUSE amendment. Double underlining denotes SENATE amendment.
Capital letters or bold & italic numbers indicate new material to be added to existing law.
Dashes through the words or numbers indicate deletions from existing law. obtain from the department of revenue a registration exempt certificate
for the special mobile machinery only if the owner regularly has 1,000 or
more items of special mobile machinery in the state. The bill allows an
owner of any amount of special mobile machinery located in the state to
obtain a registration exempt certificate for the special mobile machinery.
Be it enacted by the General Assembly of the State of Colorado:1
SECTION 1. In Colorado Revised Statutes, 42-3-107, amend2
(16)(g)(I)(A) as follows:3
42-3-107. Taxable value of classes of property - rate of tax -4
when and where payable - department duties - apportionment of tax5
collections - definitions - rules - repeal. (16) (g) (I) An owner of special6
mobile machinery who pays specific ownership taxes in accordance with7
this subsection (16) may apply to the department for a registration exempt8
certificate, which the department shall issue to the owner if:9
(A) The department verifies that the owner regularly has one
10
thousand or more items of such AT LEAST ONE ITEM OF special mobile11
machinery in the state;12
SECTION 2. Act subject to petition - effective date. This act13
takes effect at 12:01 a.m. on the day following the expiration of the14
ninety-day period after final adjournment of the general assembly; except15
that, if a referendum petition is filed pursuant to section 1 (3) of article V16
of the state constitution against this act or an item, section, or part of this17
act within such period, then the act, item, section, or part will not take18
effect unless approved by the people at the general election to be held in19
November 2024 and, in such case, will take effect on the date of the20
official declaration of the vote thereon by the governor.21
SB23-049-2-