HB 1403 CO
Information Technology Depreciation Lease Payments
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Summary
This bill modifies how Colorado handles information technology depreciation accounting in the capital construction fund. Currently, the state treasurer transfers unexpended balances from the information technology capital account to the general fund at the end of each fiscal year. The bill prohibits this transfer for money that was credited to the account as depreciation or amortization payments on information technology assets, effective for fiscal years beginning July 1, 2026, allowing these depreciation-based payments to remain available for IT capital purposes.
AI-generated plain-language summary of the bill (from the OpenStates abstract — no full text available yet) — neutral, and may be imperfect.
Official abstract
Current law requires an amount equivalent to the recorded depreciation or amortization of an information technology asset acquired, repaired, improved, replaced, renovated, or constructed with an appropriation from the information technology capital account in the capital construction fund based on the depreciation period (information technology annual depreciation-lease equivalent payment) to be credited and transferred to the information technology capital account within the capital construction fund. Current law also requires the state treasurer to transfer any unappropriated balances in the information technology capital account or any otherwise unexpended and unencumbered money remaining in the information technology capital account at the end of a fiscal year to the general fund. The act prohibits the state treasurer from transferring any money that was transferred, credited, or paid into the information technology capital account as an information technology annual depreciation-lease equivalent payment back to the general fund at the end of a fiscal year, for state fiscal years commencing on or after July 1, 2026.(Note: This summary applies to this bill as enacted.)
Sponsors (6)
- K. Brown Democratic · sponsor
- E. Sirota Democratic · sponsor
- J. Bridges Democratic · sponsor
- B. Kirkmeyer Republican · sponsor
- R. Taggart Republican · sponsor
- J. Amabile Democratic · sponsor
1 coauthor / cosponsor
- R. Weinberg Republican · cosponsor
Action history (14)
- May 29, 2026 Governor Signed · executive
- May 28, 2026 Sent to the Governor · executive
- May 28, 2026 Signed by the President of the Senate · upper
- May 28, 2026 Signed by the Speaker of the House · lower
- Apr 16, 2026 Senate Third Reading Passed - No Amendments · upper
- Apr 15, 2026 Senate Second Reading Special Order - Passed - No Amendments · upper
- Apr 14, 2026 Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole · upper
- Apr 13, 2026 Introduced In Senate - Assigned to Appropriations · upper
- Apr 11, 2026 House Third Reading Passed - No Amendments · lower
- Apr 10, 2026 House Third Reading Laid Over Daily - No Amendments · lower
- Apr 9, 2026 House Second Reading Special Order - Passed - No Amendments · lower
- Apr 8, 2026 House Second Reading Special Order - Laid Over Daily - No Amendments · lower
- Apr 6, 2026 House Committee on Appropriations Refer Unamended to House Committee of the Whole · lower
- Apr 2, 2026 Introduced In House - Assigned to Appropriations · lower
Full text
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