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HB26-1014 • 2026

Extend Colorado Job Growth Incentive Tax Credit

Under current law, the Colorado job growth incentive tax credit (credit) may only be allowed by the economic development commission (commission) through state income tax year 2026. The bill amends the

Taxes
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Rep. A. Boesenecker, Rep. R. Taggart, Sen. L. Frizell
Last action
2026-02-23
Official status
House Committee on Finance Refer Unamended to Appropriations
Effective date
Not listed

Plain English Breakdown

The official source material does not provide details on whether there are specific requirements for the Economic Development Commission to allow new credit awards, nor does it explicitly state that a performance statement is included as part of the bill's content.

Extend Colorado Job Growth Incentive Tax Credit

The bill extends the Colorado job growth incentive tax credit, allowing businesses to receive income tax credits until state income tax year 2034.

What This Bill Does

  • Extends the Colorado job growth incentive tax credit through state income tax year 2034.

Who It Names or Affects

  • Businesses eligible for the job growth incentive tax credit
  • The state's economic development commission

Terms To Know

Tax Credit
A reduction in taxes that a business or individual can claim based on certain activities, such as creating jobs.
Economic Development Commission
The state agency responsible for approving tax credits to encourage economic growth and job creation.

Limits and Unknowns

  • It does not specify how the extension will be funded or if there are limits on the number of businesses that can receive the credit.
  • The bill's effectiveness depends on whether a referendum petition is filed against it.

Bill History

  1. 2026-02-23 House

    House Committee on Finance Refer Unamended to Appropriations

  2. 2026-01-14 House

    Introduced In House - Assigned to Finance

Official Summary Text

Under current law, the Colorado job growth incentive tax credit (credit) may only be allowed by the economic development commission (commission) through state income tax year 2026. The bill amends the Colorado job growth incentive tax credit to authorize the commission to allow new credit awards through state income tax year 2034.
(Note: This summary applies to this bill as introduced.)

Current Bill Text

Read the full stored bill text 
Second Regular Session
Seventy-fifth General Assembly
STATE OF COLORADO
INTRODUCED

LLS NO. 26-0532.01 Stephanie Schrab x4330 HOUSE BILL 26-1014
House Committees Senate Committees
Finance
A BILL FOR AN ACT
CONCERNING AN EXTENSION OF THE COLORADO JOB GROWTH101
INCENTIVE TAX CREDIT THROUGH STATE INCOME TAX YEAR102
2034.103
Bill Summary
(Note: This summary applies to this bill as introduced and does
not reflect any amendments that may be subsequently adopted. If this bill
passes third reading in the house of introduction, a bill summary that
applies to the reengrossed version of this bill will be available at
http://leg.colorado.gov.)
Under current law, the Colorado job growth incentive tax credit
(credit) may only be allowed by the economic development commission
(commission) through state income tax year 2026. The bill amends the
Colorado job growth incentive tax credit to authorize the commission to
allow new credit awards through state income tax year 2034.
HOUSE SPONSORSHIP
Taggart and Boesenecker,
SENATE SPONSORSHIP
Frizell,
Shading denotes HOUSE amendment. Double underlining denotes SENATE amendment.
Capital letters or bold & italic numbers indicate new material to be added to existing law.
Dashes through the words or numbers indicate deletions from existing law.
Be it enacted by the General Assembly of the State of Colorado:1
SECTION 1. In Colorado Revised Statutes, 39-22-531, amend2
(2), (10), and (13); and add (1.5) as follows:3
39-22-531. Colorado job growth incentive tax credit -4
definitions - tax preference performance statement - legislative5
declaration - rules - repeal.6
(1.5) Tax preference performance statement.7
(a) I N ACCORDANCE WITH SECTION 39-21-304 (1), WHICH8
REQUIRES EACH BILL THAT EXTENDS AN EXPIRING TAX EXPENDITURE TO9
INCLUDE A TAX PREFERENCE PERFORMANCE STATEMENT AS PART OF A10
STATUTORY LEGISLATIVE DECLARATION, THE GENERAL ASSEMBLY FINDS11
AND DECLARES THAT THE PURPOSE OF THE CREDIT PROVIDED FOR IN THIS12
SECTION IS TO CREATE OR RETAIN JOBS BY ALLOWING CERTAIN EMPLOYERS13
TO RECEIVE A CREDIT AGAINST INCOME TAX IF CERTAIN CRITERIA ARE MET.14
SPECIFICALLY, THIS TAX EXPENDITURE IS INTENDED TO INCENTIVIZE THE15
CREATION OF NEW JOBS IN THE STATE OF COLORADO.16
(b) T HE GENERAL ASSEMBLY AND THE STATE AUDITOR SHALL17
MEASURE THE EFFECTIVENESS OF THE CREDIT IN ACHIEVING THE PURPOSES18
SPECIFIED IN SUBSECTION (1)(a) OF THIS SECTION BASED ON THE NUMBER19
OF NEW JOBS CREATED AND THE VALUE OF THE CREDITS ALLOWED AND20
MADE AVAILABLE ANNUALLY TO TAXPAYERS.21
(2) For income tax years commencing on or after January 1, 2009,22
but prior to January 1, 2027 JANUARY 1, 2035, at the discretion of the23
commission as specified in subsection (3) of this section, there may be24
allowed to any taxpayer an annual job growth incentive tax credit with25
respect to the income taxes imposed by this article that a taxpayer may26
HB26-1014-2-
claim for a credit period in an amount determined by the commission1
pursuant to subsection (5) of this section.2
(10) No later than September 1, 2010, and no later than September3
1 of each year thereafter through September 1, 2024 SEPTEMBER 1, 2032,4
the commission shall provide the department with an electronic report of5
the taxpayers receiving a credit allowed in this section for the preceding6
calendar year or any fiscal year ending in the preceding calendar year, and7
any credits disallowed pursuant to subparagraph (II) of paragraph (a) of8
subsection (4) of this section for any year, that includes the following9
information:10
(13) This section is repealed, effective July 1, 2042 JULY 1, 2059. 11
SECTION 2. Act subject to petition - effective date. This act12
takes effect at 12:01 a.m. on the day following the expiration of the13
ninety-day period after final adjournment of the general assembly (August14
12, 2026, if adjournment sine die is on May 13, 2026); except that, if a15
referendum petition is filed pursuant to section 1 (3) of article V of the16
state constitution against this act or an item, section, or part of this act17
within such period, then the act, item, section, or part will not take effect18
unless approved by the people at the general election to be held in19
November 2026 and, in such case, will take effect on the date of the20
official declaration of the vote thereon by the governor.21
HB26-1014-3-