Senate Committee of Reference Report
Committee on Appropriations
-
All text that will be removed from the bill will be indicated by strikethrough as follows:
-
This is text that is removed from law. -
Text that is added to a bill will be indicated by either all capitals or bold & italic as follows:
-
- This all capitals text would be added to law.
- This is bold & italic text that would be added to law.
May 6, 2026
After consideration on the merits, the Committee recommends the following:
HB26-1419 be amended as follows, and as so amended, be referred to the Committee of the Whole with favorable recommendation:
Page 1, Line 1Amend reengrossed bill, page 3, after line 4 insert:
Page 1, Line 2"(e) Although not predicted by current revenue forecasts, if the
Page 1, Line 318-month impact of H.R. 1 on state fiscal year 2025-26 revenue results
Page 1, Line 4in state fiscal year spending for that year to exceed the constitutional
Page 1, Line 5limitation on state fiscal year spending, then, while the actual impacts of
Page 1, Line 6H.R. 1 on state revenues may differ from what was certified for state
Page 1, Line 7fiscal years 2024-25 and 2025-26, correcting the accounting of state fiscal
Page 1, Line 8year 2024-25 state fiscal year spending to reflect the revenue reductions
Page 1, Line 9caused by H.R. 1 would only shift certified state revenue in excess of the
Page 1, Line 10constitutional limitation on state fiscal year spending between state fiscal
Page 1, Line 11years 2024-25 and 2025-26. Therefore, if 2025-26 state fiscal year
Page 1, Line 12spending exceeds the constitutional limitation on state fiscal year
Page 1, Line 13spending, there is no need to correct the calculation of 2024-25 state
Page 1, Line 14fiscal year spending because the cumulative amount of state revenue that
Page 1, Line 15would be refunded to taxpayers between state fiscal years 2024-25 and
Page 1, Line 162025-26 under existing accounting would be the same regardless of the
Page 1, Line 17fiscal year in which the impact of H.R. 1 is accounted for.".
Page 1, Line 18Reletter succeeding paragraphs accordingly.
Page 1, Line 19Page 5, line 7, strike "section," and substitute "section and section
Page 1, Line 2024-77-103.5 (2),".