HB 26-1014
signedExtend Colorado Job Growth Incentive Tax Credit
Plain-English Summary
AI-generatedHB 26-1014 extends a tax credit program called the Colorado Job Growth Incentive Tax Credit, which helps businesses by reducing their state income taxes if they create new jobs. The bill allows this tax credit to continue until 2034 instead of ending in 2026 as previously planned. This affects businesses that are looking to expand and hire more workers in the state. Since the bill has been signed, it is now law and companies can apply for these tax credits through 2034.
Official Summary
Under current law, the Colorado job growth incentive tax credit (credit) may only be allowed by the economic development commission (commission) through state income tax year 2026. The act amends the Colorado job growth incentive tax credit to authorize the commission to allow new credit awards through state income tax year 2034. The act also extends the commission's annual reporting requirement through September 1, 2042.(Note: This summary applies to this bill as enacted.)
Details
- Chamber
- House
- First action
- 2026-05-29
- Latest action
- 2026-01-14
- Last action desc.
- Introduced In House - Assigned to Finance
- OpenStates
- View source ↗
Sponsors
- Andy Boesenecker (sponsor) · Democratic
- Rick Taggart (sponsor) · Republican
- Matt Ball (sponsor) · Democratic
- Lisa Frizell (sponsor) · Republican
- Jennifer Bacon (cosponsor) · Democratic
- Kyle Brown (cosponsor) · Democratic
- Jarvis Caldwell (cosponsor) · Republican
- Sean Camacho (cosponsor) · Democratic
- Chad Clifford (cosponsor) · Democratic
- Monica Duran (cosponsor) · Democratic
- Regina English (cosponsor) · Democratic
- Meg Froelich (cosponsor) · Democratic
- Ryan Gonzalez (cosponsor) · Republican
- Eliza Hamrick (cosponsor) · Democratic
- Jamie Jackson (cosponsor) · Democratic
- Junie Joseph (cosponsor) · Democratic
- Sheila Lieder (cosponsor) · Democratic
- Mandy Lindsay (cosponsor) · Democratic
- Meghan Lukens (cosponsor) · Democratic
- Julie McCluskie (cosponsor) · Democratic
- Kenny Nguyen (cosponsor) · Democratic
- Amy Paschal (cosponsor) · Democratic
- Manny Rutinel (cosponsor) · Democratic
- Gretchen Rydin (cosponsor) · Democratic
- Matt Soper (cosponsor) · Republican
- Brianna Titone (cosponsor) · Democratic
- Judy Amabile (cosponsor) · Democratic
- John Carson (cosponsor) · Republican
- James Coleman (cosponsor) · Democratic
- Lisa Cutter (cosponsor) · Democratic
- Tony Exum (cosponsor) · Democratic
- Julie Gonzales (cosponsor) · Democratic
- Iman Jodeh (cosponsor) · Democratic
- Cathy Kipp (cosponsor) · Democratic
- Chris Kolker (cosponsor) · Democratic
- William Lindstedt (cosponsor) · Democratic
- Rod Pelton (cosponsor) · Republican
- Byron Pelton (cosponsor) · Republican
- Dylan Roberts (cosponsor) · Democratic
- Cleave Simpson (cosponsor) · Republican
- Katie Wallace (cosponsor) · Democratic
Topics
Related Legislation
This bill affects (6)
Affected by (0)
None found.