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HB 1362

Repeal Decarbonization Tax Credits Administration Fund

2026 Regular Session

Colorado bill eliminates dedicated administrative funding for decarbonization tax credit programs, potentially affecting program operations and state climate incentive delivery.

Governor Signed
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Bill Summary · HB 1362

Legislative bill overview

HB 1362 would repeal the Decarbonization Tax Credits Administration Fund, which was established to manage administrative costs for state tax credits related to reducing carbon emissions. The bill eliminates this dedicated funding mechanism, which supported the operational infrastructure for decarbonization incentive programs.

Why is this important

This action affects how Colorado administers its climate-related tax incentive programs, potentially impacting both the efficiency of these programs and their long-term funding stability. The decision signals a shift in state priorities regarding decarbonization efforts and could influence the effectiveness of existing tax credit programs designed to encourage clean energy adoption and emission reduction.

Potential points of contention

  • Climate policy direction: Repealing this fund may be interpreted as a step back from Colorado's decarbonization goals, particularly given recent state climate legislation emphasizing emission reductions
  • Administrative efficiency: Eliminating dedicated administration funding could strain general appropriations or reduce the quality of program management, potentially causing processing delays for businesses and individuals claiming credits
  • Program continuity: Uncertainty about how tax credit administration would be funded post-repeal raises questions about whether existing decarbonization programs would continue operating effectively or face interruptions

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

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