SB 25-307 CO

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Became Law

For state fiscal years 2023-24 through 2026-27, current law requires the state treasurer to credit to the decarbonization tax credits administration cash fund (fund) oil and gas severance tax revenue equal to the amount attributable to the decreased severance tax credit allowed for oil and gas production for tax years 2024 through 2026. For state fiscal years 2024-25 and 2025-26, section 2 of the act specifies that the amount of oil and gas severance tax revenue credited to the fund shall not exceed the net revenue from the oil and gas severance tax collection. Section 3 requires the state treasurer to transfer $2,500,000 from the energy and carbon management cash fund to the fund on June 30, 2025. Section 1 requires the state treasurer to transfer $2,500,000 from the fund to the energy and carbon management cash fund on January 1, 2026. (Note: This summary applies to this bill as enacted.)

• Judy Amabile Democratic · primary
• Jeff Bridges Democratic · primary
• Emily Sirota Democratic · primary
• Shannon Bird · primary

1. Jun 3, 2025 Governor Signed · executive
2. May 13, 2025 Signed by the Speaker of the House · lower
3. May 13, 2025 Signed by the President of the Senate · upper
4. May 13, 2025 Sent to the Governor · executive
5. May 1, 2025 House Third Reading Passed - No Amendments · lower
6. Apr 30, 2025 House Second Reading Special Order - Passed - No Amendments · lower
7. Apr 30, 2025 House Committee on Appropriations Refer Unamended to House Committee of the Whole · lower
8. Apr 28, 2025 Introduced In House - Assigned to Appropriations · lower
9. Apr 28, 2025 Senate Third Reading Passed - No Amendments · upper
10. Apr 25, 2025 Senate Second Reading Special Order - Passed - No Amendments · upper
11. Apr 25, 2025 Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole · upper
12. Apr 23, 2025 Introduced In Senate - Assigned to Appropriations · upper