ColoradoColorado conditionally allows future budgets to fund clean energy tax credit administration
Starting July 1, 2027, Colorado lawmakers may budget money for agencies to run clean energy tax credits, only if HB 26-1405 becomes law.
What it does
Starting July 1, 2027, the law provides for running clean energy tax credits without a separate administration fund or dedicated oil and gas tax revenue, only if HB 26-1405 becomes law.
Lawmakers may budget money for agencies to run clean energy tax credits during fiscal years 2027–28 through 2034–35. This authority depends on HB 26-1405 becoming law.
Argument forBudget decisions could help lawmakers match money for administering clean energy tax credits with agencies’ actual needs.
Argument againstDepending on future budget decisions could make it harder for agencies to plan staff and services for administering clean energy tax credits.
More detail
The law provides for administering clean energy tax credits without the separate administration cash fund or its dedicated oil and gas tax revenue. These provisions concern money used to run Colorado’s clean energy tax credits, rather than the credits people and businesses may claim. These provisions take effect only if House Bill 26-1405 becomes law. The conditional effective date is July 1, 2027.
Colorado lawmakers may set aside money for the Colorado Energy Office and Department of Revenue to run clean energy tax credits. The money may cover both direct costs and shared overhead costs of carrying out and administering the credits. Spending depends on lawmakers choosing to set aside money. This authority takes effect only if House Bill 26-1405 becomes law. The authority covers state fiscal years 2027–28 through 2034–35.
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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
- May 28Governor Jared Polis SignedBecame Law
- May 26Signed by the Speaker of the HouseMajor
- May 26Signed by the President of the SenateMajor
- May 26Sent to the GovernorTo Governor
- Apr 16Senate Third Reading Passed - No AmendmentsPassed Senate
- Vote recorded BILL. Result: pass.Lower
- Vote recorded BILL. Result: pass.Upper
- Apr 15Senate Second Reading Special Order - Passed - No Amendments
- Apr 14Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the WholeMinor
- Vote recorded Refer House Bill 26-1362 to the Committee of the Whole and with a recommendation that it be placed on the consent calendar. Result: pass.Upper
- Apr 13Introduced In Senate - Assigned to AppropriationsMinor
- Apr 11House Third Reading Passed - No AmendmentsPassed House
- Vote recorded BILL. Result: pass.Lower
- Apr 10House Third Reading Laid Over Daily - No Amendments
- Apr 9House Second Reading Special Order - Passed - No Amendments
- Apr 8House Second Reading Special Order - Laid Over Daily - No Amendments
- Apr 7House Committee on Appropriations Refer Unamended to House Committee of the WholeMinor
- Vote recorded Refer House Bill 26-1362 to the Committee of the Whole. Result: pass.Lower
- Apr 2Introduced In House - Assigned to AppropriationsIntroduced
Taxes & BudgetEnvironment & Energy