WeVote
Log In

Bill

Bill

HB 25-1048

State Tax Expenditure & Grant Database

2025 Regular Session Introduced by Lisa Frizell and 4 co-sponsors

HB 25-1048 sought to create an online database for state tax expenditures and grants, enhancing transparency and accessibility for taxpayers and applicants.

House Committee on State, Civic, Military, & Veterans Affairs Postpone Indefinitely
0
WeVote Research Nonpartisan
Bill Summary · HB 25-1048

Summary of HB 25-1048: State Tax Expenditure & Grant Database

Bill Overview

Bill Number: HB 25-1048
Introduced: January 8, 2025
Status: Postponed Indefinitely by the House Committee on State, Civic, Military, & Veterans Affairs on January 27, 2025
Prime Sponsors: Rep. Marshall, Rep. Soper, Sen. Mullica

The purpose of HB 25-1048 is to establish an online database managed by the Colorado Department of Revenue (DOR) that would provide comprehensive information on state tax expenditures and grant opportunities. This initiative aims to enhance transparency and accessibility for taxpayers and grant applicants.

Key Provisions

  • Creation of Database: The bill mandates the DOR to create and maintain a searchable online database that includes:

    • All qualifying state tax expenditures.
    • State grant opportunities funded or administered by the state.

  • Definition of Qualifying Tax Expenditures: A tax expenditure qualifies if it meets at least one of the following criteria:

    • A limited amount of dollars or credits is available.
    • A discretionary determination by a state agency is necessary to qualify.
    • An application must be submitted to receive a certificate or other approval from a state agency.

  • Database Requirements: The database must include:

    • Purpose of the tax expenditure or grant.
    • Eligibility criteria for applicants.
    • Available amounts per applicant.
    • Application procedures and timelines.
    • Assistance resources for grant writing.
    • Performance criteria and reporting requirements.
    • Contact information for inquiries.

  • Timeline for Implementation: The database is required to be created by December 31, 2026, and must be reviewed and updated annually.

Fiscal Impact

  • State Expenditures: The bill would have required an appropriation of $71,134 from the General Fund for FY 2025-26, with projected increases in subsequent years (e.g., $192,180 for FY 2026-27).
  • Staffing Needs: The DOR would need to hire 2.0 Full-Time Equivalents (FTE) to manage the database, with one position starting in September 2025 and another in July 2026.

Potential Impact

  • Taxpayer Awareness: The creation of the database is expected to increase taxpayer awareness of available tax expenditures and grant opportunities, potentially leading to a rise in claims for these benefits.
  • State Revenue: While the bill assumes that the overall impact on state revenue would not be substantial, increased claims could lead to a reduction in state revenue due to higher utilization of tax expenditures.

Conclusion

HB 25-1048 aimed to improve transparency in state financial assistance programs through the establishment of a centralized database. However, the bill was postponed indefinitely, meaning that the proposed changes and impacts will not be enacted at this time.

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

Sign in to ask a question.