Colorado Governor Jared Polis has signed into law a change to the state statute which specifies how counties must spend revenues collected from hotel guests via the state room tax.
Previously, this statute required that counties had to spend 100% of room tax revenue on destination marketing. The new version based on House Bill 22-1117 permits 90% of these funds to be used for capital expenditures on tourism-industry worker housing and childcare, and on other capital projects like trail maintenance that enhance the visitor experience.
Prime sponsors of HB 22-1117 were Representatives Dylan Roberts and Marc Caitlin, and Senators Don Coram and Kerry Donovan.