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Senate approves sale of state tax credits to raise one‑time revenue, 22–12
Summary
The Colorado Senate passed House Bill 25B‑1004 on Aug. 25, 2025, authorizing the sale of up to $125 million in state tax credits at a discount to generate approximately $100 million for the general fund; supporters called it a short‑term bridge, while opponents warned of larger long‑term costs.
The Colorado Senate passed House Bill 25B‑1004 on Aug. 25, 2025, authorizing the state treasurer to sell future state tax credits and deposit proceeds into a tax credit sale proceeds cash fund and the general fund to address an immediate budget gap. The measure passed on third reading by a roll call recorded in the transcript (22 ayes, 12 no).
Supporters framed the bill as a temporary, controlled tool to bring revenue into the current fiscal year while the Legislature develops longer‑term fixes. Senator…
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