Section 39-21-401 - Legislative declaration(1) The general assembly finds and declares that: (a) In 2000, the general assembly enacted the formation of a temporary commission on taxation for the purpose of reviewing and reporting on the current system of taxation by state and local governments and making recommendations for modifications;(b) The state of Colorado and its citizens have experienced many changes since the last comprehensive review and analysis of tax policy was completed;(c) The tax structure of the state and local governments in Colorado has become more complicated and outdated through a long history of incremental and piecemeal modifications made by statutory and constitutional enactments that have resulted in unintended consequences;(d) These modifications may have resulted in the tax burden for financing government services and programs being borne disproportionately by certain taxpayers and may have diminished Colorado's ability to attract new businesses and retain existing businesses that are vital to the economic well-being of the state and its citizens; and(e) It is therefore necessary to review the state's current tax policy.(2) The general assembly further finds and declares that it is necessary to create the legislative oversight committee concerning tax policy and, in addition, establish the committee as the appropriate entity to review the evaluations of tax expenditures that are statutorily completed by the state auditor.Added by 2021 Ch. 468,§1, eff. 7/7/2021.L. 2021: Entire part added, (HB 21-1077), ch. 3365, p. 3365, § 1, effective July 7.