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ColoradoHB25-10052025 Regular SessionHouseWALLET

Tax Incentive for Film Festivals

Sponsored By: Brianna Titone (Democratic), Judy Amabile (Democratic), Mark Baisley (Republican), Monica Duran (Democratic)

Signed by Governor

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 2 benefits, 0 costs, 0 mixed.

Broader funding uses for economic development

The law expands permitted uses of Colorado's economic development operational cash fund to include additional Office programs. Annual appropriations from the fund also support Office operations, Colorado's film production incentive, and the loan guarantee program. The law names no added funding amount or specific additional programs receiving money.

Refundable tax credits for Colorado film festivals

For tax years 2027–2036, eligible groups hosting Colorado film festivals can get refundable state income tax credits. No applicant can receive a credit unless at least one qualifying global festival begins relocating to Colorado by January 1, 2026. Global festivals must be nonprofits or qualifying for-profit groups with a multi-decade operating history. Global status requires a verified annual record of at least 100,000 in-person ticket sales and tens of thousands of out-of-state or international attendees. Existing or small Colorado festivals that do not meet the global criteria can also qualify. Each credit equals the lesser of approved qualified costs or the amount reserved for that festival. Global festival reservations have a $34 million total cap: $4 million yearly in 2027–2028, $5 million in 2029, and $3 million yearly in 2030–2036. Existing or small Colorado festivals share $500,000 in annual reservations; each can request up to $500,000 or another Office-set maximum. Qualified Colorado costs include staff, contractors, rentals, travel, insurance, ticketing, marketing, programming, capital costs, and necessary property investments. Costs from the 11 months before the festival's tax year can count; each expense can support only one credit. Applicants must secure a reservation, document costs through a Colorado-licensed accountant or registered accounting firm, and obtain a credit certificate. Global festivals must meet written operating requirements and provide an audit separating Colorado costs from out-of-state costs. The state refunds the full credit amount above taxes owed, with no carryforward. Tax-exempt nonprofits can receive refunds but must file a tax return. Colorado's economic development office sets application and allocation rules and evaluates spending, attendance, and related state and local tax receipts. The program is repealed December 31, 2041. Under referendum rules, a filed petition makes the law's effective date depend on voter approval at the November 2026 election.

Sponsors & Cosponsors

Sponsors

  • Brianna Titone

    Democratic • House

  • Judy Amabile

    Democratic • Senate

  • Mark Baisley

    Republican • Senate

  • Monica Duran

    Democratic • House

Cosponsors

  • Andrew Boesenecker

    Democratic • House

  • Alex Valdez

    Democratic • House

  • Emily Sirota

    Democratic • House

  • Gretchen Rydin

    Democratic • House

  • Junie Joseph

    Democratic • House

  • Jacque Phillips

    Democratic • House

  • Kyle Brown

    Democratic • House

  • Karen McCormick

    Democratic • House

  • Katie Stewart

    Democratic • House

  • Lesley Smith

    Democratic • House

  • Michael Carter

    Democratic • House

  • Meg Froelich

    Democratic • House

  • Mandy Lindsay

    Democratic • House

  • Matt Soper

    Republican • House

  • Rebekah Stewart

    Democratic • House

  • Rep. S. Bird

    Affiliation unavailable

  • Sean Camacho

    Democratic • House

  • Sheila Lieder

    Democratic • House

  • Steven Woodrow

    Democratic • House

  • William Lindstedt

    Democratic • Senate

  • Barbara Kirkmeyer

    Republican • Senate

  • Cathy Kipp

    Democratic • Senate

  • Cleave Simpson

    Republican • Senate

  • Dafna Michaelson Jenet

    Democratic • Senate

  • Dylan Roberts

    Democratic • Senate

  • Iman Jodeh

    Democratic • Senate

  • Jeff Bridges

    Democratic • Senate

  • James Coleman

    Democratic • Senate

  • Janice Rich

    Republican • Senate

  • Kyle Mullica

    Democratic • Senate

  • Lisa Cutter

    Democratic • Senate

  • Marc Catlin

    Republican • Senate

  • Marc Snyder

    Democratic • Senate

  • Tony Exum

    Democratic • Senate

Roll Call Votes

All Roll Calls

Yes: 201 • No: 160

Senate vote • 3/28/2025

Third reading: Bill

Yes: 28 • No: 5

Senate vote • 3/27/2025

Committee of the whole: Adopt report

Yes: 34 • No: 0

Senate vote • 3/26/2025

Refer House Bill 25-1005 to the Committee of the Whole.

Yes: 4 • No: 2

Senate vote • 3/25/2025

Refer House Bill 25-1005 to the Committee on Appropriations.

Yes: 7 • No: 2

House vote • 3/13/2025

Third reading: Bill

Yes: 43 • No: 17

House vote • 3/12/2025

Committee of the whole: Amd (h.002)

Yes: 19 • No: 42

House vote • 3/12/2025

Committee of the whole: Amd (h.004)

Yes: 19 • No: 42

House vote • 3/12/2025

Committee of the whole: Amd (h.005)

Yes: 20 • No: 41

House vote • 3/7/2025

Refer House Bill 25-1005 to the Committee of the Whole.

Yes: 8 • No: 2

House vote • 2/6/2025

Refer House Bill 25-1005, as amended, to the Committee on Appropriations.

Yes: 7 • No: 6

House vote • 1/29/2025

Refer House Bill 25-1005 to the Committee on Finance.

Yes: 12 • No: 1

Actions Timeline

  1. Governor Signed

    4/8/2025House

  2. Sent to the Governor

    4/4/2025House

  3. Signed by the President of the Senate

    4/3/2025Senate

  4. Signed by the Speaker of the House

    4/2/2025House

  5. Senate Third Reading Passed - No Amendments

    3/28/2025Senate

  6. Senate Second Reading Special Order - Passed - No Amendments

    3/27/2025Senate

  7. Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole

    3/26/2025Senate

  8. Senate Committee on Finance Refer Unamended to Appropriations

    3/25/2025Senate

  9. Introduced In Senate - Assigned to Finance

    3/18/2025Senate

  10. House Third Reading Passed - No Amendments

    3/13/2025House

  11. House Second Reading Special Order - Passed with Amendments - Committee, Floor

    3/12/2025House

  12. House Second Reading Laid Over Daily - No Amendments

    3/11/2025House

  13. House Committee on Appropriations Refer Unamended to House Committee of the Whole

    3/7/2025House

  14. House Committee on Finance Refer Amended to Appropriations

    2/6/2025House

  15. House Committee on Business Affairs & Labor Refer Unamended to Finance

    1/29/2025House

  16. Introduced In House - Assigned to Business Affairs & Labor

    1/8/2025House

Bill Text

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