HB 1362

Joint Budget Committee. On July 1, 2027, the bill repeals the decarbonization tax credits administration cash fund (fund), which is subject to annual appropriation to the department of revenue and the Colorado energy office to pay for the direct and indirect costs associated with the implementation and administration of various decarbonization tax credits. The bill also makes conforming amendments. The bill takes effect only if House Bill 26-1405 becomes law, which transfers the unexpended and unencumbered balance of the fund to the general fund on June 30, 2027. (Note: This summary applies to this bill as introduced.)