Under current law, manufacturers and distributors of fuel products in the state are required to pay a fee each calendar month to the department of revenue (department). The fee is deposited in the petroleum storage tank fund. The department also collects another fee (PFAS cash fund fee) to fund the perfluoroalkyl and polyfluoroalkyl substances cash fund, support the department of transportation, support the Colorado state patrol, and pay the costs to the department for administering the fee.
The act clarifies the fee amounts that the department is required to collect for the petroleum storage tank fund. The act also repeals outdated provisions regarding the PFAS cash fund fee and clarifies that the department must annually transmit the collected fee to the state treasurer.
APPROVED by Governor April 4, 2024
EFFECTIVE August 7, 2024(Note: This summary applies to this bill as enacted.)

Statutes affected:
Final Act (03/26/2024): 8-20-206.5