HB 23-1272

signed

Tax Policy That Advances Decarbonization

Plain-English Summary

AI-generated

House Bill 23-1272, which has been approved and is now in effect, aims to support the reduction of carbon emissions by adjusting Colorado’s tax policies. It provides tax credits for businesses and individuals who invest in projects that help decarbonize the state's economy, such as renewable energy initiatives or energy-efficient building upgrades. This bill affects anyone involved in or interested in supporting clean energy and sustainability efforts in Colorado. Since it has been signed into law, these new tax incentives are available to those who qualify starting from May 11, 2023.

Official Summary

The length of the bill summary for this bill requires it to be published on a separate page here: https://leg.colorado.gov/hb23-1272-bill-summary APPROVED by Governor May 11, 2023 EFFECTIVE May 11, 2023(Note: This summary applies to this bill as enacted.)

Details

Chamber: House
First action: 2023-05-11
Latest action: 2023-03-30
Last action desc.: Introduced In House - Assigned to Energy & Environment
OpenStates: View source ↗

Related Legislation

This bill affects (27)

amends

SB 19-096(2019A)· signed

Collect Long-term Climate Change Data

amends

SB 22-006(2022A)· signed

Sales Tax Assistance For Small Bus

amends

SB 23-143(2023A)· signed

Retail Delivery Fees

amends

HB 19-1256(2019A)· signed

Electronic Filing Of Certain Taxes

amends

SB 23-016(2023A)· signed

Greenhouse Gas Emission Reduction Measures

amends

SB 22-051(2022A)· signed

Policies To Reduce Emissions From Built Environment

amends

SB 17-188(2017A)· signed

Repeal Income Tax Credit Innovative Motor Vehicles

amends

HB 19-1159(2019A)· signed

Modify Innovative Motor Vehicle Income Tax Credits

amends

SB 18-047(2018A)· signed

Repeal Tax Credits Innovative Vehicles

amends

SB 17-301(2017A)· signed

Energy-related Statutes

amends

SB 22-138(2022A)· signed

Reduce Greenhouse Gas Emissions In Colorado

amends

SB 22-193(2022A)· signed

Air Quality Improvement Investments

relates

SB 22-239(2022A)· signed

Buildings In The Capitol Complex

relates

HB 22-1025(2022A)· signed

Repeal Of Infrequently Used Tax Expenditures

relates

SB 18-240(2018A)· signed

Revised Uniform Unclaimed Property Act

relates

SB 19-088(2019A)· signed

Revised Uniform Unclaimed Property Act

relates

SB 19-119(2019A)· signed

Suppl Approp Dept Personnel

relates

HB 22-1418(2022A)· signed

Extension Of Certain Unused Tax Credits

relates

HB 17-1356(2017A)· signed

Treat Economic Development Income Tax Credits Differently

relates

HB 19-1325(2019A)· failed

Electric Car Manufacturers May Sell Directly To Consumers

relates

HB 22-1295(2022A)· signed

Department Early Childhood And Universal Preschool Program

repeals

SB 23-016(2023A)· signed

Greenhouse Gas Emission Reduction Measures

repeals

HB 17-1232(2017A)· failed

Public Utilities Alternative Fuel Motor Vehicles

repeals

SB 18-216(2018A)· signed

Alternative Fuel Vehicles Public Utilities

repeals

HB 18-1345(2018A)· signed

Electric Transmission Lines Right Of First Refusal

repeals

SB 19-077(2019A)· signed

Electric Motor Vehicles Public Utility Services

supersedes

HB 22-1391(2022A)· signed

Modifications To Severance Tax

Affected by (64)

amends

HB 25-1154(2025A)· signed

Communication Services People with Disabilities Enterprise

amends

HB 26-1422(2026A)· signed

Security Measures for Certain Government Entities

amends

SB 23-303(2023A)· signed

Reduce Property Taxes And Voter-approved Revenue Change

amends

HB 26-1115(2026A)· signed

Prepaid Wireless Telecom Services Modifications

amends

HB 24-1053(2024A)· signed

Tax Policy Analysis by the Legislative Branch

amends

SB 25-160(2025A)· signed

Motor Vehicle Sales by Manufacturers' Affiliates

amends

HB 25-1281(2025A)· signed

Title Register & Drive Kei Vehicles

amends

SB 25-182(2025A)· signed

Embodied Carbon Reduction

amends

SB 23B-004(2023B)· signed

Property Tax Relief

amends

HB 23B-1005(2023B)· signed

Matters Related To Tax Relief For Tax Year 2023

amends

SB 23B-001(2023B)· signed

2023 Property Tax Relief

amends

HB 26-1362(2026A)· signed

Repeal Decarbonization Tax Credits Administration Fund

amends

SB 23-306(2023A)· signed

Buildings In The Capitol Complex

amends

SB 25-300(2025A)· signed

Revisor's Bill

amends

HB 26-1119(2026A)· failed

Authority for Different Mill Levy Rates

amends

HB 23-1277(2023A)· signed

Reporting Adjustments To Taxable Income

amends

SB 24-228(2024A)· signed

TABOR Refund Mechanisms

amends

SB 24-230(2024A)· signed

Oil & Gas Production Fees

amends

HB 24-1349(2024A)· signed

Firearms & Ammunition Excise Tax

amends

HB 26-1429(2026A)· signed

County Administration Public Assistance Programs

amends

HB 23-1260(2023A)· signed

Advanced Industry and Semiconductor Manufacturing Incentives

amends

HB 26-1289(2026A)· signed

Modification of Certain Tax Expenditures

amends

HB 24-1352(2024A)· signed

Appliance Requirements & Incentives

amends

SB 24-214(2024A)· signed

Implement State Climate Goals

amends

HB 24-1172(2024A)· signed

County Revitalization Authorities

amends

HB 24-1312(2024A)· signed

State Income Tax Credit for Careworkers

relates

HB 26-1007(2026A)· signed

Improve Customer Use Distributed Energy Resources

relates

HB 26-1165(2026A)· signed

Department of Public Health & Environment Supplemental

relates

HB 26-1153(2026A)· signed

Department of Education Supplemental

relates

SB 25-307(2025A)· signed

Decarbonization Tax Credits Administration Cash Fund

relates

HB 24-1346(2024A)· signed

Energy & Carbon Management Regulation

relates

SB 23-016(2023A)· signed

Greenhouse Gas Emission Reduction Measures

relates

SB 25-104(2025A)· signed

Department of Public Health & Environment Supplemental

relates

SB 25-091(2025A)· signed

Dept of Education Supplemental

relates

SB 25-156(2025A)· signed

Reducing Costs of State Regulation

relates

HB 25-1277(2025A)· signed

Increasing Transparency Impact of Fuel Products

relates

HB 23-1294(2023A)· signed

Pollution Protection Measures

relates

SB 23-208(2023A)· signed

Correction Of Certain Tax Statute Cross References

relates

HB 24-1183(2024A)· signed

Department of Education Supplemental

relates

SB 23-292(2023A)· signed

Labor Requirements For Energy Sector Construction

relates

HB 23-1233(2023A)· signed

Electric Vehicle Charging And Parking Requirements

relates

HB 24-1267(2024A)· signed

Metropolitan District Covenant Enforcement Policy

relates

HB 26-1048(2026A)· signed

Back-to-School Sales Tax Holiday

relates

HB 24-1367(2024A)· signed

Repeal Severance Tax Exemption for Stripper Wells

relates

HB 26-1362(2026A)· signed

Repeal Decarbonization Tax Credits Administration Fund

relates

HB 24-1339(2024A)· signed

Disproportionately Impact Community Air Pollution

relates

HB 24-1027(2024A)· signed

Exemption for Children's Products

relates

HB 26-1030(2026A)· failed

Data Center & Utility Modernization

repeals

HB 24-1316(2024A)· signed

Middle-Income Housing Tax Credit

repeals

HB 23-1251(2023A)· signed

Repeal Of Obsolete Provisions In Title 39

repeals

HB 24-1450(2024A)· signed

Revisor's Bill

repeals

HB 25-1144(2025A)· signed

Repeal Retail Delivery Fees

repeals

SB 25-117(2025A)· signed

Reduce Transportation Costs Imposed by Government

repeals

SB 25-264(2025A)· signed

Cash Fund Transfers to the General Fund

repeals

HB 25-1296(2025A)· signed

Tax Expenditure Adjustment

repeals

SB 25-139(2025A)· signed

Grocery & Utility Bill Reduction Measures

repeals

HB 23-1189(2023A)· signed

Employer Assistance For Home Purchase Tax Credit

repeals

HB 26-1266(2026A)· failed

Repeal Retail Delivery Fees

repeals

SB 26-169(2026A)· signed

Revisor's Bill

repeals

HB 24-1367(2024A)· signed

Repeal Severance Tax Exemption for Stripper Wells

repeals

SB 25-040(2025A)· signed

Future of Severance Taxes & Water Funding Task Force

repeals

HB 23B-1004(2023B)· signed

2023 Property Tax Reduction Policy Study

repeals

HB 24-1061(2024A)· signed

Marijuana Industry & Social Equity

repeals

HB 24-1352(2024A)· signed

Appliance Requirements & Incentives

Votes

REPASS

2023-05-02 · House · pass — Yes: 46 · No: 19 · Other: —

CONCUR

2023-05-02 · House · pass — Yes: 46 · No: 19 · Other: —

BILL

2023-05-01 · Senate · pass — Yes: 23 · No: 12 · Other: —

BILL

2023-04-24 · House · pass — Yes: 43 · No: 20 · Other: —

HB 23-1272

Tax Policy That Advances Decarbonization

Plain-English Summary

Official Summary

Details

Sponsors

Related Legislation

This bill affects (27)

Affected by (64)

Votes