Transfer of Unsold Insurance Premium Tax Credits

Added a new category of 'qualified taxpayer' that includes entities other than insurance companies authorized to do business in Colorado.

Established a process for non-insurance entities to contract with the Department to purchase unsold tax credits following the standard application process.

Granted non-insurance entities the right to transfer purchased tax credits once to an insurance company, which then cannot transfer the credit further.

Updated the definition of 'qualified taxpayer' in the state statutes to explicitly include the new non-insurance entity category.

Added a header stating the bill was passed on the 3rd Reading Unamended on May 4, 2026, in the Senate.

Changed the version title from 'Revised' to 'Rerevised' to accurately reflect the legislative stage.

Updated the Senate sponsorship list to include two new sponsors, Bridges and Coleman.

Added a specific effective date of May 1, 2026 to the legislation.

Changed the credit transfer process from a simple written notification to a mandatory procedure where the department must issue new tax credit certificates to both parties involved in the transfer.

Added new line breaks and spacing in the header and body text to accommodate the revised layout.

Added the date April 21, 2026, to the bill summary section, potentially marking a procedural deadline.

Updated the bill status header from 'Engrossed' to 'Reengrossed' and revised the summary note to reflect that it now includes all amendments adopted in the House of Introduction.

Added a new Senate sponsor, Brown and McCluskie, to the bill's sponsorship list.

Added the specific date April 20, 2026, and a note indicating the version includes all amendments adopted on second reading in the House.

Updated the bill number display in the header from 'HB26-1346' to '1346' and changed the session status from 'INTRODUCED' to 'ENGROSSED'.

Inserted explanatory notes regarding how amendments are denoted in the text (shading, underlining, and capitalization).