Senate Bill 25-272 Rerevised

A Bill for an Act

• Page 1, Line 101Concerning a sales and use tax exemption for construction

• Page 1, Line 102materials used in creating housing for a regional

• Page 1, Line 103transportation authority's staff.

Bill Summary

(Note: This summary applies to this bill as introduced and does not reflect any amendments that may be subsequently adopted. If this bill passes third reading in the house of introduction, a bill summary that applies to the reengrossed version of this bill will be available at http://leg.colorado.gov.)

The bill establishes a sales tax exemption for contractors and subcontractors that purchase construction and building materials for use in the building, erection, alteration, or repair of structures owned and used by a regional transportation authority (authority) to house authority employees or contractors. The bill also establishes a use tax exemption for the storage, use, or consumption by a contractor or subcontractor of construction and building materials for use in the building, erection, alteration, or repair of such structures. The bill authorizes an authority or an authority's board to build, erect, alter, or repair such structures for the purpose of housing employees or contractors of a regional transportation authority.

• Page 2, Line 1Be it enacted by the General Assembly of the State of Colorado:

• Page 2, Line 2SECTION 1.  In Colorado Revised Statutes, 39-26-708, amend

• Page 2, Line 3(1) introductory portion, (1)(a), (2) introductory portion, and (2)(a) as follows:

• Page 2, Line 439-26-708.  Construction and building materials - legislative

• Page 2, Line 5declaration - definition. (1)  There shall be exempt from taxation under

• Page 2, Line 6the provisions of part 1 of this article article 26 all sales of construction

• Page 2, Line 7and building materials to contractors and subcontractors for use in the

• Page 2, Line 8building, erection, alteration, or repair of structures, highways, roads, streets, and other public works owned and used by:

• Page 2, Line 9(a)  (I)  The United States government, the state of Colorado, its

• Page 2, Line 10departments and institutions, and the its political subdivisions thereof in their governmental capacities only;

• Page 2, Line 11(II)  As used in this subsection (1)(a), "governmental

• Page 2, Line 12capacities" includes the building, erection, alteration, or repair

• Page 2, Line 13of structures to house employees or contractors of a regional

• Page 2, Line 14transportation authority, as allowed by sections 43-4-604 (3)(j)

• Page 2, Line 15and 43-4-605 (1)(l), and as an implied and necessary power within section 43-4-605 (1)(k);

• Page 2, Line 16(2)  There shall be exempt from taxation under the provisions of

• Page 2, Line 17part 2 of this article article 26 the storage, use, or consumption by a

• Page 2, Line 18contractor or subcontractor of construction and building materials for use

• Page 3, Line 1in the building, erection, alteration, or repair of structures, highways, roads, streets, and other public works owned and used by:

• Page 3, Line 2(a) (I)  The United States government, the state of Colorado, its

• Page 3, Line 3departments and institutions, and the its political subdivisions thereof in their governmental capacities only;

• Page 3, Line 4(II)  As used in this subsection (2)(a), "governmental

• Page 3, Line 5capacities" includes the building, erection, alteration, or repair

• Page 3, Line 6of structures to house employees or contractors of a regional

• Page 3, Line 7transportation authority, as allowed by sections 43-4-604 (3)(j)

• Page 3, Line 8and 43-4-605 (1)(l), and as an implied and necessary power within section 43-4-605 (1)(k);

• Page 3, Line 9SECTION 2.  In Colorado Revised Statutes, 43-4-604, amend (3)(h) and (3)(i); and add (3)(j) as follows:

• Page 3, Line 1043-4-604.  Board of directors. (3)  The board, in addition to all other powers conferred by this part 6, has the following powers:

• Page 3, Line 11(h)  To appoint advisory committees and define the duties thereof; and

• Page 3, Line 12(i)  As applicable, to amend the contract that created the authority

• Page 3, Line 13to the extent that any amendment procedures specified in the contract

• Page 3, Line 14pursuant to section 43-4-603 (2)(f) authorize the board, rather than the

• Page 3, Line 15members of the combination that are parties to the contract, to amend the

• Page 3, Line 16contract or to amend or replace the resolution authorizing the

• Page 3, Line 17transportation planning organization to exercise the powers of an authority adopted as authorized by section 43-4-622; and

• Page 3, Line 18(j)  To build, erect, alter, or repair structures for the purpose of housing employees or contractors of an authority.

• Page 3, Line 19SECTION 3.  In Colorado Revised Statutes, 43-4-605, add (1)(l) as follows:

• Page 4, Line 143-4-605.  Powers of the authority - inclusion or exclusion of

• Page 4, Line 2property - determination of regional transportation system alignment

• Page 4, Line 3- fund created - repeal. (1)  In addition to any other powers granted to an authority pursuant to this part 6, an authority has the following powers:

• Page 4, Line 4(l)  To build, erect, alter, or repair structures for the purpose of housing employees or contractors of an authority.

• Page 4, Line 5SECTION 4.  Safety clause. The general assembly finds,

• Page 4, Line 6determines, and declares that this act is necessary for the immediate

• Page 4, Line 7preservation of the public peace, health, or safety or for appropriations for

• Page 4, Line 8the support and maintenance of the departments of the state and state institutions.