HB 1362: Repeal Decarbonization Tax Credits Administration Fund - Colorado

Final Act → Signed Act · 4 edits · May 29, 2026

MODERATE

This bill repeals the Colorado Decarbonization Tax Credits Administration Cash Fund and removes the requirement to repay administrative costs from various tax credit programs. It also amends the Energy and Carbon Management Cash Fund to redirect funds to the repealed fund before its elimination. The changes effectively end the administrative cost reimbursement mechanism for several clean energy tax credit programs.

Scope change

The bill significantly narrows the scope of the Decarbonization Tax Credits Administration Cash Fund by repealing its creation and related provisions, and it modifies the funding flow for the Energy and Carbon Management Cash Fund.

FISCAL

Repealed the Decarbonization Tax Credits Administration Cash Fund and its associated definitions.

Amended the Energy and Carbon Management Cash Fund to transfer $2.5 million to the repealed fund on June 30, 2025, before repealing that transfer provision on July 1, 2026.

REQUIREMENT

Eliminated the requirement for the state to transfer money from the repealed fund to repay administrative costs for various clean energy tax credit programs.

TECHNICAL

Corrected numerous typos and formatting errors in the existing statutes related to the repealed fund and administrative cost calculations.

Rerevised → Final Act · 5 edits · May 22, 2026

MODERATE

This bill repeals the 'Decarbonization Tax Credits Administration Cash Fund' and its associated administrative rules. It removes the fund's ability to collect money for administrative costs and eliminates the requirement to repay those costs to other programs. The changes effectively close the fund and stop the specific accounting and transfer procedures that were previously in place.

Scope change

The bill's scope is reduced from maintaining an active administrative fund to repealing the fund entirely. It no longer applies to the collection of administrative fees or the specific inter-fund transfers previously mandated.

FISCAL

Deleted the creation and maintenance of the 'Decarbonization Tax Credits Administration Cash Fund'.

REQUIREMENT

Removed the requirement for the state treasurer to transfer money to repay administrative costs to other cash funds.

DEFINITION

Deleted the legal definitions for 'Fund', 'Administrative costs', and 'Respective cash funds' that were specific to this repealed fund.

TIMELINE

Eliminated the schedule for transferring unexpended funds to the general fund and the specific deadline for repaying administrative costs.

ENFORCEMENT

Removed the obligation for the office and department to keep specific accounts for the purpose of calculating administrative cost repayments.

Revised → Rerevised · 2 edits · Apr 16, 2026

MINOR

The bill was re-revised to incorporate all amendments adopted by the Senate during its second reading. This update reflects the legislative process moving forward, ensuring the text now includes changes made by the second chamber before final passage.

TIMELINE

Added a stamp indicating the bill reached the 3rd Reading Unamended in the Senate on April 16, 2026.

TECHNICAL

Updated the revision header to reflect that this version includes all amendments adopted in the Second House.

Reengrossed → Revised · 1 edit · Apr 15, 2026

MINOR

The bill's status changed from 'Reengrossed' to 'Revised', indicating it has been updated with amendments adopted during the second reading in the Senate. The document's internal summary notes were also updated to reflect that the current version includes these new amendments rather than just the original House version. No substantive policy changes regarding tax credits, funding, or eligibility were found in the provided text.

TECHNICAL

Updated the bill's header status from 'Reengrossed' to 'Revised' and adjusted the explanatory text to clarify that amendments were adopted during the second reading in the Senate.

Engrossed → Reengrossed · 3 edits · Apr 11, 2026

MINOR

The bill was reengrossed to include all amendments adopted during the House of Introduction, updating the document status from 'Engrossed' to 'Reengrossed'. Additionally, new sponsors (Ricks) were added to the House sponsorship list, and a specific date (April 11, 2026) was added to the notice regarding the availability of the reengrossed bill summary.

TECHNICAL

Added new sponsor Ricks to the House sponsorship list.

Updated the bill status header from 'ENGROSSED' to 'REENGROSSED' to reflect the inclusion of all amendments.

Inserted a specific date (April 11, 2026) into the notice regarding the availability of the reengrossed bill summary.

Introduced → Engrossed · 3 edits · Apr 9, 2026

MINOR

The bill was formally adopted as an Engrossed version on April 9, 2026, incorporating all amendments passed during the House's second reading. The substantive text of the bill, which establishes tax credits for clean energy projects, remains largely unchanged from the original Introduced version, with the primary visible modifications being the addition of version headers, page numbers, and formatting markers to reflect its legislative status.

Scope change

The bill's scope and applicability remain unchanged; the text continues to authorize tax credits for industrial clean energy, sustainable aviation fuel, and geothermal projects.

TECHNICAL

Added version headers and dates indicating the bill is now 'Engrossed' and includes all amendments adopted on the second reading.

Updated page number formatting from 'HB26-1362' to '1362' to align with the bill number format used in the engrossed version.

Removed the 'Introduced' status header and associated blank lines as the bill has progressed to its final amended form.

Repeal Decarbonization Tax Credits Administration Fund

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