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Legislative Year: 2020 Change

Bill Detail: SB20-133

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Title Business Fiscal Impact Statements
Status Senate Committee on State, Veterans, & Military Affairs Postpone Indefinitely (02/03/2020)
Bill Subjects
House Sponsors T. Kraft-Tharp (D)
D. Williams (R)
Senate Sponsors R. Woodward (R)
House Committee
Senate Committee State, Veterans and Military Affairs
Date Introduced 01/27/2020

The bill requires the staff of the legislative council to prepare
business fiscal impact notes (notes) on legislative bills in each regular
session of the general assembly. The speaker of the house of
representatives, the minority leader of the house of representatives, the
president of the senate, and the minority leader of the senate are
authorized to request 2 notes each, or more at the discretion of the
director of research of the legislative council.
The bill requires the staff of the legislative council to meet with

the member of leadership requesting the note and with the sponsor of the
legislative bill to discuss whether a note can practically be completed for
that legislative bill. If not, the member of leadership may request a note
on a different legislative bill.
A business fiscal impact note is defined as a note that uses
available data to analyze the potential direct economic effects of a
legislative bill on Colorado businesses, including costs related to
compliance, impacts on hiring or job losses, savings or cost reductions,
and other fiscal impacts.
The bill requires the director of research of the legislative council
to develop the procedures for requesting, completing, and updating the
notes and to memorialize the procedures in a letter to the executive
committee of the legislative council.
The staff of the legislative council must designate a 5-day period
during which Colorado businesses can submit comments on the impacts
of a legislative bill selected for the preparation of the note, or a shorter
time if the bill is selected during the last 30 days of session. The staff
must summarize and compile the comments as part of the note.
Finally, the legislative bill requires each state department, agency,
or institution to cooperate with and provide information for a note of a
legislative bill in the manner requested by the staff of the legislative

Committee Reports
with Amendments
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (01/30/2020) (most recent)  
Additional Bill Documents Bill Documents
  • Past bill versions
  • Past fiscal notes
  • Committee activity and documents
  • Bill History
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