The act creates 2 income tax subtractions for income tax years commencing on or after January 1, 2027, but before January 1, 2038. The first subtraction is for an amount equal to state capital gains that are realized by a taxpayer, who is the owner of a qualified business, during the taxable year for the conversion by an increment of at least 20% ownership to a qualified employee-owned business. The taxpayers that are eligible for this subtraction are the same taxpayers that would be eligible for the tax credit for conversion costs for employee business ownership. The total amount of capital gains that a taxpayer may subtract is set by and may be annually adjusted by the Colorado office of economic development (office), and is required to be posted on the office's website. The second subtraction is allowed to worker-owned cooperatives in an amount equal to the worker-owned cooperative's federal taxable income for the tax year not to exceed $1 million. The act also makes changes to the tax credit for conversion or expansion costs for employee business ownership (credit), which has been available through income tax year 2026. The act extends the credit through income tax years commencing in 2031. The act also specifies that the aggregate amount of credits that can be claimed for each income tax year commencing on or after January 1, 2026, but before January 1, 2032, is $3 million. The act also increases the percentage of conversion or expansion costs that are eligible to be claimed for the credit from 50% to 75% beginning in tax year 2026 while maintaining the existing dollar caps for the different methods of conversion. Additionally, the act revises several definitions to expand eligibility for the credit and allows for qualified support entities, which are businesses or nonprofit organizations that provide services to businesses that qualify under the credit so that those businesses can convert or expand to employee ownership, to be eligible to receive the credit for up to 75% of the costs incurred for providing such support, not to exceed $167,000, including for staff salaries and benefits, marketing and outreach, and consulting and technical assistance. Support costs exclude any costs that are considered conversion or expansion costs that can be claimed in the credit for employee business ownership. (Note: This summary applies to this bill as enacted.)
Sponsored bills
The act establishes and modifies requirements related to the practice of veterinary medicine by a veterinary professional associate (VPA). In November 2024, voters in Colorado approved Proposition 129, which established the role of VPAs and permits VPAs, starting on January 1, 2026, to practice veterinary medicine under certain circumstances. The act specifies how an individual can register as a VPA in Colorado and clarifies the circumstances under which a VPA can practice veterinary medicine. The act clarifies that a VPA is only permitted to practice veterinary medicine under the supervision of a licensed veterinarian. A licensed veterinarian shall supervise no more than 3 VPAs who are practicing veterinary medicine at any one time. The act requires a licensed veterinarian and a VPA to enter into a mutual supervisory agreement before the licensed veterinarian and the VPA begin working together. The supervising licensed veterinarian may delegate the practice of veterinary medicine to the VPA if: The aspects of the practice are within the training, experience, and competency of the VPA; The practice of veterinary medicine delegated to the VPA is permitted under requirements of state law and board of veterinary medicine (board) rules; and The supervising licensed veterinarian and VPA are located at the same veterinary premises while practicing veterinary medicine, unless the VPA meets certain indirect supervision requirements. The act instructs the board to adopt rules regarding the practice of veterinary medicine by VPAs, including rules that: Require a VPA to practice veterinary medicine under an appropriate level of supervision by a licensed veterinarian; Determine clinical benchmarks that a VPA must meet in order to practice veterinary medicine under indirect supervision by a licensed veterinarian; Approve a nationally recognized VPA credentialing organization that requires a VPA to complete a university-approved VPA program that is approved by the board or a university-approved VPA program that is accredited by the nationally recognized credentialing organization, pass a VPA examination, and complete continuing education requirements; Provide guidance to supervising licensed veterinarians in their delegation of tasks to and supervision of VPAs; Determine a scope of practice for VPAs; Establish a registration fee for the registration of VPAs; and Determine continuing education requirements for VPAs. The board may also adopt rules establishing an equivalent registration pathway for a veterinary technician specialist to register as a VPA, which pathway considers the veterinary technician specialist's experience, education, and training as a substitute for the education requirements needed to register as a VPA and requires the veterinarian technician specialist to pass the same national credentialing exam as a VPA. The act requires a VPA to identify themself as a VPA to a client before practicing veterinary medicine on a patient. The act requires a licensed veterinarian to comply with certain restrictions when prescribing opioids and benzodiazepines. (Note: This summary applies to this bill as enacted.)
For state fiscal year 2025-26, the act appropriates $5,000,000 from the species conservation trust fund in the state treasury for various wildlife conservation programs directed at conserving candidate native species that have been listed as threatened or endangered under state or federal law or are species that are likely to become candidate species, as determined by the United States fish and wildlife service, as follows: $2,480,000 for the upper Colorado river endangered fish recovery program; $20,000 for selenium management, research, monitoring, evaluation, and control; $1,250,000 for native terrestrial wildlife conservation; and $1,250,000 for native aquatic wildlife conservation.(Note: This summary applies to this bill as enacted.)
The act implements the recommendations of the department of regulatory agencies (DORA) in its sunset review and report concerning the regulation of outfitters and guides by the division of professions and occupations (division) within DORA. Specifically, the act: Continues the regulation of outfitters and guides for 9 years, until 2034; Allows the director of the division to take disciplinary action against an owner of an outfitter entity regardless of the owner's ownership share percentage; Credits one-half of the money that is collected as fines to the general fund rather than to the division; Exempts motor carriers and third-party booking agencies from regulation under the outfitters act; Adds provisions prohibiting an individual from working as a guide or receiving or renewing a registration as an outfitter if the individual has a license or registration suspended or revoked by the division of parks and wildlife or by an agency of any member state of the "Wildlife Violator Compact" for a violation of a law concerning wildlife; and Repeals certain language concerning the punishment for a person that engages or offers or attempts to engage in activities as an outfitter without an active registration.(Note: This summary applies to this bill as enacted.)
The act establishes a sales and use tax exemption for contractors and subcontractors that purchase, store, use, or consume construction and building materials for use in the building, erection, alteration, or repair of structures owned and used by a regional transportation authority (authority) to house authority employees or contractors. The act authorizes an authority or an authority's board to build, erect, alter, or repair such structures for the purpose of housing employees or contractors of an authority. (Note: This summary applies to this bill as enacted.)
The act creates the work-based learning consortium pilot program (pilot program) in the department of higher education (department). The purpose of the 3-year pilot program is to: Demonstrate the value of work-based learning in postsecondary curricula by studying the impact of industry-sponsored projects on course objectives and learning outcomes; Promote the adoption of work-based learning in higher education by working with faculty at institutions of higher education (institutions) that participate in the pilot program (participating institutions) to embed project-based learning opportunities into credit-bearing programs; Provide broader access to collegiate work-based learning for students; Measure the impact of work-based learning on participating students; and Learn how institutions can increase the value of postsecondary education through career exposure and preparedness. Pending the receipt of sufficient funds, the department shall convene a consortium (consortium) of representatives from participating institutions, the commission on higher education (commission), the department of labor and employment, the department of education, and a subject matter expert with experience implementing work-based learning. The consortium shall: Work with each participating institution's faculty to embed industry-sponsored projects in course curriculum that meet the work-based learning quality standards; Work with the department to determine the impact of industry-sponsored projects; Work with a third-party platform to connect faculty from participating institutions to employers for the purpose of developing high-quality, project-based learning opportunities for classroom instruction; Advise the commission on strategies to improve student access to high-quality, work-based learning opportunities for students based on participating faculty members' experience embedding industry-sponsored projects into curriculum; Develop best practices for institutions to expand access to work-based learning in the classroom through industry-sponsored projects; and Develop findings and recommendations. Subject to available appropriations, at the end of the pilot program, the act requires the consortium to complete and submit a report to the education committees of the house of representatives and the senate, or their successor committees. The report must include: A description of the consortium's findings and recommendations; Details on the consortium's impacts on participating institutions and the effects of creating additional work-based learning activities on students, faculty, and employers; and Recommendations for statutory changes, financial resources, department policy changes, and policy changes in institutions that are necessary to improve successful work-based learning opportunities for students in institutions. The department may seek, accept, and expend gifts, grants, or donations from private or public sources for the pilot program. The department shall transmit all gifts, grants, or donations to the state treasurer, who shall credit the money to the higher education work-based learning consortium fund (fund). If, by June 30, 2028, the money in the fund has never reached or exceeded $2 million dollars, the state treasurer shall return each grantor's or donor's gift, grant, or donation. On or before November 1, 2026, the commission shall recommend a list of terms used by institutions related to work-based learning to the Colorado workforce development council for inclusion in the talent development glossary (glossary). The purpose of the list of terms is to: Augment the glossary so that collegiate work-based learning activities are accurately reflected in statewide efforts to promote work-based learning; and Demonstrate to institutions relevant opportunities to participate in statewide efforts to promote work-based learning. On or before July 1, 2026, the commission shall work with institutions, the Colorado workforce development council, the department of education, the consortium, nonprofit organizations, industry associations, and businesses to develop recommendations on how to best embed work-based learning opportunities into current degree pathways. On or before December 31, 2026, the department shall work with institutions to identify which work-based learning activities are measurable and how to best report work-based learning activities. Institutions that are eligible for the work-study program may use work-study program money to cover the costs of work-based learning credits for students who are required to complete credit-bearing work-based learning requirements to graduate from an institution. The office of economic development (office) administers the universal high school scholarship program (program). The act allows the office to spend unexpended or unencumbered money appropriated in the 2023-24 state fiscal year through the 2025-26 state fiscal year without further appropriation. The act requires that expenditures for the administrative costs of the program not exceed $1.5 million. The act extends the date for the state treasurer to transfer all unexpended and unencumbered money in the universal high school scholarship cash fund from December 30, 2026, to June 30, 2027. (Note: This summary applies to this bill as enacted.)
The act changes the term "epinephrine auto-injector" to "emergency-use epinephrine" in order to encompass alternatives to injecting epinephrine as a means to treat anaphylaxis in school settings. (Note: This summary applies to this bill as enacted.)
The department of health care policy and financing (department) received federal authorization to provide coverage for health-related social needs and to provide reentry services to justice-involved individuals through the medicaid program. The act creates 2 cash funds, one for health-related social needs and one for reentry services for justice-involved individuals. The act requires the state treasurer to transfer the savings of state money realized from each federal authorization to the respective cash fund. Subject to annual appropriation by the general assembly, the department may expend money from the funds to provide health-related social needs or reentry services to justice-involved individuals. The department is required to develop a workforce to provide peer support services in order to comply with the terms of the federal authorization for health-related social needs. The department is authorized, subject to annual appropriation by the general assembly, to spend money from the affordable housing support fund for services authorized by the federal authorization to provide coverage for health-related social needs. The act makes and reduces appropriations from the general fund, and from reappropriated funds, to the department, the department of corrections, the department of human services, and the department of local affairs. The act appropriates money from the affordable housing support fund to the department for medical and long-term care services for medicaid-eligible individuals and reduces the appropriation from the affordable housing support fund to the department of local affairs. (Note: This summary applies to this bill as enacted.)
For ground ambulance services (ambulance services), the act: Allows a political subdivision or an ambulance service providing ambulance services on behalf of the political subdivision to submit to the division of insurance (division) the established rates for the ambulance services, if the rates meet specified conditions; Requires the division to publish reimbursement rates on the division's public-facing website; Establishes reimbursement rates for ambulance services that are out of network; and Prohibits an out-of-network ambulance service from billing an individual covered under a health insurance coverage plan (covered person) any outstanding balance for a covered service not paid for by an insurance carrier, except for any coinsurance, deductible, or copayment amount required to be paid by the covered person. If a covered person makes a payment for an out-of-network ambulance service, the payment must be applied to the covered person's in-network deductibles and in-network out-of-pocket maximum amounts. For the 2025-26 state fiscal year, $38,149 is appropriated from the division of insurance cash fund to the department of regulatory agencies for use by the division to implement the act. VETOED by Governor 5/29/2025(Note: This summary applies to this bill as enacted.)
Current law states that an employer shall not interfere with an agricultural worker's reasonable access to key service providers (KSP) at any location when the worker is not performing compensable work and with respect to health-care providers at any time. The act exempts an employer's property from this provision; except that the act prohibits an employer from interfering with a worker's access to KSP through remote channels on the employer's property. The act also removes language referring to health-care providers. Current law states that the division of labor standards and statistics (division) may adopt rules regarding additional times that an employer may not interfere with a worker's reasonable access to KSP. The act clarifies that such rules must apply only to locations other than the employer's property. Lastly, the act states the division shall not adopt rules that: Infringe upon an employer's private property rights; or Conflict with the common law rights of an individual to access private property in a time of emergency.(Note: This summary applies to this bill as enacted.)