A Bill for an Act
Page 1, Line 101Concerning the creation of a state tax expenditure and
Page 1, Line 102grant opportunity database.
Bill Summary
(Note: This summary applies to this bill as introduced and does not reflect any amendments that may be subsequently adopted. If this bill passes third reading in the house of introduction, a bill summary that applies to the reengrossed version of this bill will be available at http://leg.colorado.gov/.)
Legislative Oversight Committee Concerning Tax Policy. The bill creates an online database managed by the department of revenue that includes information on all qualifying state tax expenditures and state grant opportunities. A state grant opportunity is any grant funded by state money or administered by the state. A qualifying state tax expenditure is any state tax expenditure for which at least one of the following applies:
- A limited amount of dollars or credits is available;
- To qualify for the tax expenditure, a discretionary determination made by a state agency is necessary; or
- To qualify for the tax expenditure, a person must submit an application to and receive a certificate or other designation of approval from a state agency.
The database must be created by December 31, 2026, and must be reviewed and updated on an annual basis.
Page 2, Line 1Be it enacted by the General Assembly of the State of Colorado:
Page 2, Line 2SECTION 1. In Colorado Revised Statutes, add 24-35-122 as
Page 2, Line 3follows:
Page 2, Line 424-35-122. Database of state tax expenditures and grant
Page 2, Line 5opportunities - creation - definitions. (1) As used in this section,
Page 2, Line 6unless the context otherwise requires:
Page 2, Line 7(a) "Qualifying state tax expenditure" or "tax
Page 2, Line 8expenditure" means a state tax expenditure for which at least
Page 2, Line 9one of the following applies:
Page 2, Line 10(I) A limited amount of dollars or credits is available;
Page 2, Line 11(II) To qualify for the tax expenditure, a discretionary
Page 2, Line 12determination made by a state agency is necessary; or
Page 2, Line 13(III) To qualify for the tax expenditure, a person must
Page 2, Line 14submit an application to and receive a certificate or other
Page 2, Line 15designation of approval from a state agency.
Page 2, Line 16(b) "State grant opportunity" or "grant" is a grant funded
Page 2, Line 17by state money or administered by the state.
Page 2, Line 18(2) No later than December 31, 2026, the executive
Page 2, Line 19director of the department of revenue or the executive
Page 2, Line 20director's designee shall create and maintain a searchable
Page 2, Line 21database of all qualifying state tax expenditures and state
Page 3, Line 1grant opportunities and shall make the database accessible
Page 3, Line 2from its website.
Page 3, Line 3(3) (a) The database created in subsection (2) of this
Page 3, Line 4section must be easily navigable and include the following
Page 3, Line 5information for each qualifying state tax expenditure or state
Page 3, Line 6grant opportunity:
Page 3, Line 7(I) The intended purpose of the tax expenditure or grant;
Page 3, Line 8(II) Eligibility criteria for tax expenditure or grant
Page 3, Line 9applicants;
Page 3, Line 10(III) The available tax expenditure or grant amount per
Page 3, Line 11applicant, if there is a set amount, or a range of available tax
Page 3, Line 12expenditure or grant amounts;
Page 3, Line 13(IV) Application procedures;
Page 3, Line 14(V) Timelines for application and selection;
Page 3, Line 15(VI) Any available grant writing and application
Page 3, Line 16assistance;
Page 3, Line 17(VII) Performance criteria and reporting requirements;
Page 3, Line 18and
Page 3, Line 19(VIII) Contact information for questions regarding the
Page 3, Line 20tax expenditure or grant.
Page 3, Line 21(b) The information required by this subsection (3) may be
Page 3, Line 22presented in the database as regularly updated links to other
Page 3, Line 23state agency or department websites that include the required
Page 3, Line 24information.
Page 3, Line 25(4) The executive director of the department of revenue
Page 3, Line 26or the executive director's designee shall continuously review
Page 3, Line 27and update the database created in this section.
Page 4, Line 1(5) Upon request, a state agency or department shall
Page 4, Line 2provide the executive director of the department of revenue or
Page 4, Line 3the executive director's designee with information necessary to
Page 4, Line 4create and update the database created in this section.
Page 4, Line 5SECTION 2. Act subject to petition - effective date. This act
Page 4, Line 6takes effect at 12:01 a.m. on the day following the expiration of the
Page 4, Line 7ninety-day period after final adjournment of the general assembly; except
Page 4, Line 8that, if a referendum petition is filed pursuant to section 1 (3) of article V
Page 4, Line 9of the state constitution against this act or an item, section, or part of this
Page 4, Line 10act within such period, then the act, item, section, or part will not take
Page 4, Line 11effect unless approved by the people at the general election to be held in
Page 4, Line 12November 2026 and, in such case, will take effect on the date of the
Page 4, Line 13official declaration of the vote thereon by the governor.