Senate Committee of Reference Report
Committee on Finance
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February 10, 2026
After consideration on the merits, the Committee recommends the following:
SB26-042 be amended as follows, and as so amended, be referred to the Committee on Appropriations with favorable recommendation:
Page 1, Line 1Amend printed bill, page 3, line 2, strike "the excise tax" and substitute
Page 1, Line 2"taxes".
Page 1, Line 3Page 3, line 20, strike "and add (1)(e) and (2)(c)" and substitute "repeal
Page 1, Line 4(2)(b)(I); and add (1)(e) and (2)(c)".
Page 1, Line 5Page 4, line 14, after "tax" insert "and sales and use tax".
Page 1, Line 6Page 4, strike lines 17 through 27 and substitute:
Page 1, Line 7"(e) "Collections for another government", with respect
Page 1, Line 8to revenue that is collected in accordance with subsection
Page 1, Line 9(1)(b)(IV) of this section, includes the following revenue that is
Page 1, Line 10placed in or credited to the aviation fund created in section
Page 1, Line 1143-10-109 and distributed in accordance with section 43-10-110
Page 1, Line 12to governmental or airport entities operating an
Page 1, Line 13FAA-designated public-use airport:
Page 1, Line 14(I) Revenue from the excise tax on gasoline used as fuel
Page 1, Line 15for the propulsion of nonturbo-propeller, nonjet engine,
Page 1, Line 16turbo-propeller, or jet engine aircraft collected by the state
Page 1, Line 17pursuant to section 39-27-102 (1)(a)(IV) that is placed in the
Page 1, Line 18aviation fund pursuant to section 39-27-112 (2)(b); and
Page 1, Line 19(II) Revenue from the sales and use taxes collected
Page 1, Line 20during a fiscal year by the state pursuant to sections 39-26-104
Page 1, Line 21and 39-26-202 on aviation fuels used in turbo-propeller or jet
Page 1, Line 22engine aircraft that is credited to the aviation fund pursuant to
Page 1, Line 23section 43-10-109 (2)(a)(I).".
Page 1, Line 24Page 5, after line 4 insert:
Page 2, Line 1"(I) A civil monetary penalty assessed by the department of health
Page 2, Line 2care policy and financing pursuant to section 25.5-6-205;".
Page 2, Line 3Page 6, line 4, strike "section 25-1-107.5," and substitute "section
Page 2, Line 425-1-107.5 or 25.5-6-205,".
Page 2, Line 5Page 6, line 12, after "section" insert "25.5-4-301, 25.5-4-305, or".
Page 2, Line 6Page 6, strike lines 26 and 27.
Page 2, Line 7Page 7, strike lines 1 and 2.
Page 2, Line 8Renumber succeeding subparagraphs accordingly.