HB 25-1236 Fiscal Note Legislative Council Staff Nonpartisan Services for Colorado’s Legislature HB 25-1236: RESIDENTIAL TENANT SCREENING Prime Sponsors: Rep. Lindsay Published for: House Trans., Hous. & Local Gov. Drafting number: LLS 25-0822 Fiscal Analyst: Clayton Mayfield, 303-866-5851 clayton.mayfield@coleg.gov Version: Initial Fiscal Note Date: February 26, 2025 Fiscal note status: The fiscal note reflects the introduced bill. Summary Information Overview. The bill modifies requirements for residential tenant screening reports. No fiscal impact. This bill has no fiscal impact on state or local government. Appropriations. No appropriation is required. Table 1 State Fiscal Impacts Type of Impact Budget Year FY 2025-26 Out Year FY 2026-27 State Revenue $0 $0 State Expenditures $0 $0 Transferred Funds $0 $0 Change in TABOR Refunds $0 $0 Change in State FTE 0.0 FTE 0.0 FTE Page 2 February 26, 2025 HB 25-1236 Summary of Legislation The bill modifies requirements for tenant screening reports used in the rental application process. Specifically, the bill prohibits the inclusion of credit histories for reports concerning tenants seeking to rent with the assistance of housing subsidies; clarifies the definition of adverse credit event to include past due delinquent rent payments and collections; and removes a requirement that reports received by landlords from tenants be made directly available by reporting agencies. Assessment of No Fiscal Impact The changes under the bill to tenant screening reports are not expected to impact state or local government revenue and expenditures, as these reports impact private parties and reports are not administered by state or local government agencies. Thus, this bill is assessed as having no fiscal impact. Effective Date The bill takes effect 90 days following adjournment of the General Assembly sine die, assuming no referendum petition is filed, and applies to rental applications submitted on or after this date. State and Local Government Contacts Judicial Law Local Affairs The revenue and expenditure impacts in this fiscal note represent changes from current law under the bill for each fiscal year. For additional information about fiscal notes, please visit the General Assembly website.