For state fiscal years 2023-24 through 2026-27, current law requires the state treasurer to credit to the decarbonization tax credits administration cash fund (fund) oil and gas severance tax revenue equal to the amount attributable to the decreased severance tax credit allowed for oil and gas production for tax years 2024 through 2026. For state fiscal years 2024-25 and 2025-26, section 2 of the act specifies that the amount of oil and gas severance tax revenue credited to the fund shall not exceed the net revenue from the oil and gas severance tax collection. Section 3 requires the state treasurer to transfer $2,500,000 from the energy and carbon management cash fund to the fund on June 30, 2025. Section 1 requires the state treasurer to transfer $2,500,000 from the fund to the energy and carbon management cash fund on January 1, 2026. (Note: This summary applies to this bill as enacted.)
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Colorado law allows a local government to establish local minimum wages in excess of the statewide minimum wage established in the state constitution. A local government that enacts a minimum wage must provide a tip offset for tipped employees in an amount equal to the tip offset amount described in the state constitution, which is $3.02. The act states that on and after January 1, 2026, a local government that has enacted a code or an ordinance imposing a minimum wage that exceeds the state minimum wage may increase the amount of the tip offset associated with the local minimum wage; except that a local government shall not impose a tip offset in an amount that allows a tipped employee to earn less than the state minimum wage minus $3.02. (Note: This summary applies to this bill as enacted.)
The act requires the state treasurer to transfer the following amounts from the license plate cash fund (fund) on June 30, 2025: 40% of the unexpended and unencumbered balance of the fund to the general fund; and 40% of the unexpended and unencumbered balance of the fund to the Colorado DRIVES vehicle services account in the highway users tax fund.(Note: This summary applies to this bill as enacted.)
For state fiscal year 2025-26 only, the act directs the state treasurer to transfer all interest and income derived from the deposit and investment of money in the following funds and accounts to the general fund: The workers' compensation cash fund; The decommissioning fund; The AIR account in the highway users tax fund; The supplier database cash fund; The emergency medical services account; The plant health, pest control, and environmental protection fund; The Colorado DRIVES vehicle services account; The nursing home penalty cash fund; The advanced industries acceleration cash fund; The indirect costs excess recovery fund; The limited gaming fund; The energy fund; The small business recovery and resiliency fund; The energy outreach Colorado low-income energy assistance fund; The Colorado economic development fund; The Colorado firefighting air corps fund; The Colorado agricultural future loan program cash fund; The subsequent injury fund; The major medical insurance fund; The species conservation trust fund; The water supply reserve fund; The local government severance tax fund; The wildfire mitigation capacity development fund; The natural resource damage recovery fund; and The supplemental state contribution fund. For state fiscal year 2025-26 and each state fiscal year thereafter, the act directs the state treasurer to transfer all interest and income derived from the deposit and investment of money in the following funds and accounts to the general fund: The correctional treatment cash fund; The Colorado heritage communities fund; The multidisciplinary crime prevention and crisis intervention grant fund; The sustainable rebuilding program fund; The industrial and manufacturing operations clean air grant program cash fund; The geothermal energy grant fund; The clean air building investments fund; The community access to electric bicycles cash fund; The Colorado office of film, television, and media operational account cash fund; The Colorado startup loan program fund; The innovative housing incentive program fund; The state emergency reserve cash fund; The just transition cash fund; The legislative department cash fund; The state agency sustainability revolving fund; The law enforcement workforce recruitment, retention, and tuition grant fund; The jail standard advisory committee cash fund; The innovative energy fund; The cannabis resource optimization cash fund; The streamlined solar permitting and inspection cash fund; The procurement technical assistance cash fund; The community revitalization fund; The transit-oriented communities infrastructure fund; and The accessory dwelling unit fee reduction and encouragement grant program fund. On June 30, 2025, the act transfers specified amounts, which are the estimated amounts of interest and income derived from the deposit and investment of money in each of the foregoing funds and accounts, as well as the housing development grant fund, the capital construction fund, and the information technology capital account in the capital construction fund, in the 2024-25 state fiscal year, from each of those funds and accounts to the general fund. (Note: This summary applies to this bill as enacted.)
The availability of both the family affordability tax credit and the earned income tax credit has been determined by the compound annual growth rate between actual state revenue in state fiscal year 2024-25 and projected state revenue for the fiscal year that begins during the relevant state income tax year. Under the act, the availability of both tax credits is determined by the compound annual growth rate between state revenue for state fiscal year 2024-25, as projected in the March 2024 office of state planning and budgeting revenue forecast, and projected state revenue for the fiscal year that begins during the relevant state income tax year. (Note: This summary applies to this bill as enacted.)
The act requires the office of the state controller (office) to transfer, unless otherwise provided by law, on June 30, 2025, and each June 30 thereafter, the balance of any repealed cash fund to the general fund. The act requires the office to annually submit a report to the joint budget committee that: Identifies any cash funds that have not been appropriated from in the last 2 state fiscal years and the balance of those funds; and Identifies the total amount that the office has transferred to the general fund from repealed cash funds in the preceding state fiscal year.(Note: This summary applies to this bill as enacted.)
The act reinstates the sales and use tax exemption for certain low-emitting heavy-duty motor vehicles, vehicle power sources, and parts for vehicle power source conversion, which had expired as of January 1, 2025, for the period beginning on and after August 1, 2025, but prior to January 1, 2029, and clarifies the intent of the exemption. The act increases the amount of the bridge and tunnel impact fee to be imposed per gallon of special fuel by the statewide bridge and tunnel enterprise from $0.05 per gallon to $0.07 per gallon for state fiscal year 2025-26, from $0.06 per gallon to $0.07 per gallon for state fiscal year 2026-27, and from $0.07 per gallon to $0.08 per gallon for state fiscal year 2027-28. For state fiscal year 2025-2026, $3,959 is appropriated from the Colorado DRIVES vehicle services account in the highway users tax fund to the department of revenue for implementation of the act. (Note: This summary applies to this bill as enacted.)
The act creates the Colorado sexual assault forensic medical evidence review board (board), consisting of the attorney general, or their designee, as board chair; the executive director of the Colorado district attorneys' council, or their designee; and various members appointed by the attorney general or the governor. The board's duties include reviewing and monitoring processes related to sexual assault response, making recommendations to improve sexual assault response, and submitting an annual report concerning its duties. The act creates a notification requirement under the "Victim Rights Act" that requires a law enforcement agency to notify a victim every 90 days when the law enforcement agency has not received the results of the forensic medical evidence DNA analysis from an accredited crime laboratory. The act requires an accredited crime laboratory to endeavor to analyze forensic medical evidence within 60 days after its receipt. The act expands public reporting requirements concerning forensic medical evidence and DNA evidence backlogs. For the 2025-26 state fiscal year, the act appropriates $112,365 from the general fund to the department of law for use by the administration division to implement the act. (Note: This summary applies to this bill as enacted.)
The act changes the spending authority of the division of criminal justice (division) in the department of public safety in relation to community corrections programs by: Repealing the division's authority to transfer up to 10% of annual appropriations among or between line items for community corrections program services; and Allowing the division to overexpend up to $2 million in any one fiscal year for felony placements in community corrections programs.(Note: This summary applies to this bill as enacted.)
The act makes it a deceptive trade practice under the "Colorado Consumer Protection Act" for a person who consults with, advises, or assists a veteran in connection with a claim for veterans' benefits (veterans' benefits matter) to: Receive compensation in excess of the lesser of $9,200 or 25% of the amount of any past-due benefits the veteran actually receives after the person procures an increase in the veteran's monthly benefits; Receive compensation in connection with a claim filed prior to a veteran's release from active duty or within the one-year period following a veteran's release from active duty; Guarantee a successful outcome in a veterans' benefits matter; Fail to memorialize the payment terms and certain disclosures in a written, signed contract; Omit certain disclosures from advertising or make false representations about accreditation; Fail to take various security measures related to veterans' personal information; or Provide services in connection with an appeal or review of the veterans administration's initial decision in a veterans' benefits matter, unless the service provider is accredited by the veterans administration. The act requires the attorney general or district attorney to transmit any civil penalty collected for a violation of the veterans' benefits matter provisions to the state treasurer for deposit in the Colorado state veterans trust fund. (Note: This summary applies to this bill as enacted.)