Budget & Taxes

The 2025 general appropriations act is amended to balance and make adjustments to the total amount appropriated to the offices of the governor, lieutenant governor, and state planning and budgeting. The general fund, cash funds, and federal funds portions of the appropriation are increased and the reappropriated funds portion is decreased.(Note: This summary applies to this bill as enacted.)

The 2025 general appropriations act is amended to balance and make adjustments to the total amount appropriated to the department of state. The cash funds portion of the appropriation is increased.(Note: This summary applies to this bill as enacted.)

The 2025 general appropriations act is amended to balance and make adjustments to the total amount appropriated to the department of education. The general fund portion of the appropriation is decreased, and the cash funds, reappropriated funds, and federal funds portions are increased.     Amends House Bill 25-1278, concerning modifications to the statewide education accountability system, to further appropriate the amount appropriated to the department to implement the act to the 2026-27 fiscal year.     Amends Senate Bill 25-214, concerning reimbursements for eligible meals provided through the healthy school meals for all program, to transfer the appropriation for the healthy school meals for all program from the cash funds to a fund created in the healthy school meals for all program statute. The amount for school meal reimbursements is increased.(Note: This summary applies to this bill as enacted.)

The 2025 general appropriations act is amended to balance and make adjustments to the total amount appropriated to the judicial department. The general fund, cash funds, and reappropriated funds portions of the appropriation are increased.     The 2024 general appropriations act is amended to balance and make adjustments to the total amount appropriated to the judicial department.(Note: This summary applies to this bill as enacted.)

The act requires school districts and charter schools to adopt, implement, and post on their websites an achieving community commitment to equitable school success (ACCESS) policy, on or before July 1, 2027, that directs resources and supports toward at-risk students. The act describes what the required policy may include, such as partnerships with community organizations, wraparound services, after-school programs, and tutoring.     School districts and charter schools that are participating in a performance, improvement, priority improvement, or turnaround plan that directs resources and supports to at-risk students satisfies the ACCESS policy requirements and shall post the plan on the school or school district's website.(Note: This summary applies to this bill as enacted.)

The bill adjusts 3 2 existing tax expenditures.      Section 2 of the bill limits the alternative minimum tax credit to income tax years commencing prior to January 1, 2026; Section 4 3 requires a corporation, for purposes of determining their state taxable income for state income tax years commencing on or after January 1, 2027, to add to their federal taxable income the amount, if any, that the taxpayer claimed as a deduction on the taxpayer's federal tax return pursuant to the employee remuneration deduction allowed pursuant to section 162 (m) of the internal revenue code; and Section 5 4 limits the period of time that net operating losses generated in income tax years commencing on or after January 1, 2027, can be carried forward from 20 years to 10 years and limits the amount of losses that may be claimed to 70% rather than 80%.      Section 3 2 creates a new tax credit. The new tax credit allows taxpayers to claim a refundable tax credit, in addition to the child tax credit and the family affordability tax credit, in an amount determined by the amount and age of the taxpayer's children and the taxpayer's income. The total amount of the new tax credit is adjusted annually based on legislative council staff projections, such that the total amount of the new tax credit claimed in an income tax year is projected to be the same as the amount of revenue raised in sections 2, 4, 3 and 5 4 .(Note: Italicized words indicate new material added to the original summary; dashes through words indicate deletions from the original summary.)(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

The 2025 general appropriations act is amended to balance and make adjustments to the total amount appropriated to the department of public health and environment. The general fund portion of the appropriation is decreased and the cash funds, reappropriated funds, and federal funds portions are increased.(Note: This summary applies to this bill as enacted.)

The 2025 general appropriations act is amended to balance and make adjustments to the total amount appropriated to the department of agriculture. The general fund portion of the appropriation is decreased and the cash funds and federal funds portions are increased.(Note: This summary applies to this bill as enacted.)

The act redirects a portion of certain vehicle registration fees to increase the amount of revenue that is directed to the Colorado DRIVES vehicle services account (DRIVES account) created in the highway users tax fund (HUTF). Beginning on July 1, 2026, the act redirects fees for special vehicle registrations for personalized license plates from the HUTF to the DRIVES account; except that, consistent with current law, $2 of each fee is remitted to the county general fund. Beginning on July 1, 2027, the act redirects $2 of each late vehicle registration fee from the HUTF to the DRIVES account and, consistent with current law, credits the remainder of the fees to the HUTF.(Note: This summary applies to this bill as enacted.)

The 2025 general appropriations act is amended to balance and make adjustments to the total amount appropriated to the department of personnel. The general fund, cash funds, and reappropriated funds portions of the appropriation are decreased.     The 2024 general appropriations act is amended to balance and make adjustments to the total amount appropriated to the department of personnel. The reappropriated funds portion of the appropriation is increased.(Note: This summary applies to this bill as enacted.)