Section 44-30-1519 - Rejection of ballot issue - refunds - repeal(1) If a majority of the electors voting on the ballot issue submitted to the voters pursuant to section 44-30-1517 (2) vote "No/Against", then, on or before June 30 of state fiscal year 2024-2025, and on or before June 30 of each state fiscal year thereafter, the state treasurer shall refund all money credited to the sports betting tax refund cash fund for the prior state fiscal year in the manner determined by the department of revenue pursuant to subsection (2) of this section.(2) The department of revenue shall determine a reasonable method to distribute the money in the sports betting tax refund cash fund created in section 44-30-1518 (1) in accordance with this title 44 and the rules established by the Colorado limited gaming control commission to collect the sports betting tax and consistent with any relevant provisions of title 39 and any rules established pursuant thereto concerning taxpayer refunds. The method must include the distribution of money from the sports betting tax refund cash fund only to taxpayers who paid the sports betting tax.(3) If a majority of the electors voting in the November 2024 election vote "Yes/For" on the ballot issue submitted to the voters pursuant to section 44-30-1517 (2), this section is repealed, effective January 1, 2025.Added by 2024 Ch. 212,§ 6, eff. 5/20/2024.