Legislative Council Staff
Nonpartisan Services for Colorado’s Legislature
Room 029 State Capitol, Denver, CO 80203-1784
Phone: (303) 866-3521 • Fax: (303) 866-3855
lcs.ga@state.co.us • leg.colorado.gov/lcs
Fiscal Note
Memorandum
March 7, 2023
TO: Members of the Senate Appropriations Committee
FROM: Erin Reynolds, Deputy Fiscal Notes Manager
erin.reynolds@coleg.gov | 303-866-4146
SUBJECT: Fiscal Assessment of Proposed Amendment L.003 to Senate Bill 23-049
This memorandum is an assessment of the fiscal impact of the attached proposed Amendment L.003
to Senate Bill 23-049. This fiscal assessment is for the impact of the bill with inclusion of this
amendment only. Any other added amendment could influence the fiscal impact.
Summary of Proposed Amendment
The introduced bill made all owners of special mobile machinery eligible for the Registration Exempt
Certificate Program (program). Amendment L.003 limits participation to owners of 250 or more pieces
of special mobile machinery.
Fiscal Impact of Amendment
There are currently 45 owners of 250 or more pieces of SMM in the state. Assuming all seek
participation in the program, the Department of Revenue requires 0.9 FTE to process applications and
handle monthly special ownership tax, fee, and surcharge remittance to 64 counties for these
45 entities. One-time computer programming costs in DRIVES are also required, as are ongoing travel
and vehicle lease costs for audits. Revenue impacts from related fees, tabs, and decals are expected to
be minimal, under $100 per year.
Bill’s Revised Fiscal Impact with Amendment
Table 1 on the following page shows the bill’s fiscal impact with Amendment L.003. With amendment
L.003, the bill requires an appropriation to the Department of Revenue of $122,165 from the DRIVES
Cash Fund, with 0.9 FTE.
2
Table 1
State Fiscal Impacts Under SB 23-049
with Amendment L.003
Budget Year
FY 2023-24
Out Year
FY 2024-25
Revenue
- -
Expenditures Cash Funds $122,165 $64,969
Centrally Appropriated $15,251 $15,251
Total Expenditures $137,416 $80,220
Total FTE 0.9 FTE 0.9 FTE
Transfers - -
Other Budget Impacts - -