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HB 1222

Modify Tax Expenditures

2026 Regular Session

HB 1222 modifies Colorado tax expenditures, potentially eliminating deductions or credits to affect state revenue and tax burden distribution.

Senate Committee on Finance Postpone Indefinitely
#fiscalpolicy&taxes
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Bill Summary · HB 1222

Legislative bill overview

HB 1222 proposes modifications to Colorado's tax expenditures—provisions in tax law that reduce tax revenue, such as deductions, credits, and exemptions. The bill was recently introduced and assigned to the House Finance Committee for review. Without access to the specific provisions, the exact nature of these modifications cannot be detailed.

Why is this important

Tax expenditures represent foregone state revenue and function as indirect government spending. Modifying them affects both the state budget and taxpayers across different income levels and industries. Changes could impact which businesses, industries, or individuals receive tax benefits and the overall progressivity of Colorado's tax system.

Potential points of contention

  • Revenue implications: Eliminating or reducing tax expenditures could increase state revenue, but may face opposition from affected industries or taxpayer groups
  • Equity concerns: Different modifications could shift tax burdens between low-income and high-income taxpayers, or between individuals and businesses
  • Economic impact: Changes might affect business investment, job creation, or competitiveness depending on which expenditures are targeted

Compiled from official sources — confirm details with the bill’s official record.

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