ColoradoColorado law lets other groups buy insurers' unsold tax credits
Colorado law lets eligible organizations outside the insurance industry buy credits left over after insurers apply, but they can pass each credit to an insurer only once.
What it does
Eligible organizations outside the insurance industry may buy credits left unsold after insurers apply. They may pass each credit to an eligible Colorado insurer only once.
Argument forOrganizations outside the insurance industry could give credits left over after insurers apply another possible buyer.
Argument againstBuyers outside the insurance industry may have limited options for using a credit because they can transfer it only once, and only to an eligible insurer.
More detail
The law allows eligible organizations outside the insurance industry to buy unsold insurance tax credits. Buyers must be authorized to do business in Colorado and contract with the Department of the Treasury to purchase credits. A receiving insurer must be authorized to do business in Colorado and owe premium tax. The credits must remain unsold after the Department of the Treasury's application process for insurance companies. A buyer may transfer a purchased credit once, and only to a Colorado-authorized insurance company with premium tax liability. That insurer may transfer it only under the rules for certain business changes or another specified transfer rule.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Jun 1Governor Jared Polis SignedBecame Law
- May 29Signed by the Speaker of the HouseMajor
- May 28Signed by the President of the SenateMajor
- May 28Sent to the GovernorTo Governor
- May 7House Considered Senate Amendments - Result was to Concur - Repass
- Vote recorded REPASS. Result: pass.Upper
- Vote recorded CONCUR. Result: pass.Upper
- Vote recorded REPASS. Result: pass.Lower
- Vote recorded CONCUR. Result: pass.Lower
- May 5House Considered Senate Amendments - Result was to Laid Over Daily
- May 4Senate Third Reading Passed - No AmendmentsPassed Senate
- Vote recorded BILL. Result: pass.Upper
- May 1Senate Second Reading Passed with Amendments - CommitteeMinor
- May 1Senate Second Reading Passed - No AmendmentsMinor
- Apr 28Senate Committee on Finance Refer Amended to Senate Committee of the WholeMinor
- Vote recorded Adopt amendment L.002 (Attachment C). Result: pass.Upper
- Vote recorded Refer House Bill 26-1346, as amended, to the Committee of the Whole. Result: pass.Upper
- Apr 23Introduced In Senate - Assigned to FinanceMinor
- Apr 21House Third Reading Passed - No AmendmentsPassed House
- Vote recorded BILL. Result: pass.Lower
- Apr 20House Second Reading Special Order - Passed - No Amendments
- Apr 16House Committee on Finance Refer Unamended to House Committee of the WholeMinor
- Vote recorded Refer House Bill 26-1346 to the Committee of the Whole. Result: pass.Lower
- Apr 1Introduced In House - Assigned to FinanceIntroduced
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