HB 1346 CO
Transfer of Unsold Insurance Premium Tax Credits
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Summary
This bill would expand the sale of Colorado insurance premium tax credits beyond just insurance companies. The Department of the Treasury could sell tax credits to other entities that contract with the department. These entities would be permitted to transfer the tax credits once to an insurance company, but insurance companies would be prohibited from further transferring credits after receiving them. The measure provides a one-time transfer mechanism for tax credits between contracting entities and insurance companies.
AI-generated plain-language summary of the bill (from the OpenStates abstract — no full text available yet) — neutral, and may be imperfect.
Official abstract
In 2025, the general assembly authorized the department of the treasury (department) to sell insurance premium tax credits (tax credits) to insurance companies that incur state premium tax liability. The act allows the department, following the department's application process for insurance companies to purchase tax credits from the department, to sell tax credits to other entities that contract with the department. An entity that contracts with the department to purchase tax credits may transfer the tax credits once to an insurance company. The insurance company is not permitted to further transfer the tax credits following the transfer to the insurance company.(Note: This summary applies to this bill as enacted.)
Sponsors (4)
- B. Titone Democratic · sponsor
- S. Woodrow Democratic · sponsor
- C. Kipp Democratic · sponsor
- M. Snyder Democratic · sponsor
11 coauthors / cosponsors
- J. Bacon Democratic · cosponsor
- A. Boesenecker Democratic · cosponsor
- K. Brown Democratic · cosponsor
- M. Duran Democratic · cosponsor
- L. García Democratic · cosponsor
- M. Lindsay Democratic · cosponsor
- J. McCluskie Democratic · cosponsor
- K. Nguyen Democratic · cosponsor
- T. Story Democratic · cosponsor
- J. Bridges Democratic · cosponsor
- J. Coleman Democratic · cosponsor
Action history (15)
- Jun 1, 2026 Governor Signed · executive
- May 29, 2026 Signed by the Speaker of the House · lower
- May 1, 2026 Senate Second Reading Passed - No Amendments · upper
- May 28, 2026 Sent to the Governor · executive
- May 28, 2026 Signed by the President of the Senate · upper
- May 7, 2026 House Considered Senate Amendments - Result was to Concur - Repass · lower
- May 5, 2026 House Considered Senate Amendments - Result was to Laid Over Daily · lower
- May 4, 2026 Senate Third Reading Passed - No Amendments · upper
- May 1, 2026 Senate Second Reading Passed with Amendments - Committee · upper
- Apr 28, 2026 Senate Committee on Finance Refer Amended to Senate Committee of the Whole · upper
- Apr 23, 2026 Introduced In Senate - Assigned to Finance · upper
- Apr 21, 2026 House Third Reading Passed - No Amendments · lower
- Apr 20, 2026 House Second Reading Special Order - Passed - No Amendments · lower
- Apr 16, 2026 House Committee on Finance Refer Unamended to House Committee of the Whole · lower
- Apr 1, 2026 Introduced In House - Assigned to Finance · lower
Full text
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