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ColoradoSB25-0262025 Regular SessionSenateWALLET

Adjusting Certain Tax Expenditures

Sponsored By: Bob Marshall (Democratic), Junie Joseph (Democratic), Kyle Mullica (Democratic)

Signed by Governor

Fiscal Policy & Taxes

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Bill Overview

Analyzed Economic Effects

4 provisions identified: 3 benefits, 1 costs, 0 mixed.

Home energy storage earns 10% tax credit

You can claim an income tax credit worth 10% of the purchase price for energy storage installed in a Colorado home. Eligible tax years start on or after January 1, 2023, and before January 1, 2027. The credit law is repealed on January 1, 2030; that later date does not extend eligible tax years.

Biotech businesses keep research purchase tax refunds

Beginning January 1, 2026, the law preserves full refunds of qualifying Colorado state sales and use taxes for biotech taxpayers. Purchases must be tangible property used directly and mainly for biotechnology research and development in Colorado. The program covers calendar years from January 1, 1999, through December 31, 2026.

More farm inputs get sales tax relief

Beginning January 1, 2026, Colorado expands the farm inputs covered by its wholesale sales tax exemption. Additions include soil conditioners, plant amendments, plant growth regulators, mulches, compost, and manure. They also include soil for aboveground farm production, fish for non-stocking purposes, fish embryos, and fish eggs. FDA-approved animal medicines remain covered.

Alcohol businesses lose damaged stock tax refunds

After December 31, 2025, Colorado alcohol manufacturers, wholesalers, and winery direct-shipper permit holders cannot receive damaged-stock tax refunds or credits. This covers excise tax on drinks sold in Colorado that become unsalable from damage or destruction after tax payment. The refund authorization is repealed on December 31, 2030.

Sponsors & Cosponsors

Sponsors

  • Bob Marshall

    Democratic • House

  • Junie Joseph

    Democratic • House

  • Kyle Mullica

    Democratic • Senate

Cosponsors

  • Jennifer Bacon

    Democratic • House

  • Cathy Kipp

    Democratic • Senate

  • Judy Amabile

    Democratic • Senate

  • James Coleman

    Democratic • Senate

Roll Call Votes

All Roll Calls

Yes: 171 • No: 44

Senate vote • 5/6/2025

House amendments: Repass

Yes: 30 • No: 5

Senate vote • 5/6/2025

House amendments: Concur

Yes: 35 • No: 0

House vote • 5/2/2025

Third reading: Bill

Yes: 42 • No: 22

House vote • 5/1/2025

Refer Senate Bill 25-026, as amended, to the Committee of the Whole.

Yes: 8 • No: 3

House vote • 4/29/2025

Refer Senate Bill 25-026 to the Committee on Appropriations.

Yes: 9 • No: 4

Senate vote • 4/28/2025

Third reading: Bill

Yes: 29 • No: 5

Senate vote • 4/25/2025

Refer Senate Bill 25-026 to the Committee of the Whole.

Yes: 6 • No: 1

Senate vote • 4/25/2025

Adopt amendment J.001

Yes: 3 • No: 4

Senate vote • 4/22/2025

Refer Senate Bill 25-026, as amended, to the Committee on Appropriations.

Yes: 9 • No: 0

Actions Timeline

  1. Governor Signed

    6/3/2025House

  2. Signed by the President of the Senate

    5/15/2025Senate

  3. Signed by the Speaker of the House

    5/15/2025House

  4. Sent to the Governor

    5/15/2025House

  5. Senate Considered House Amendments - Result was to Concur - Repass

    5/6/2025Senate

  6. House Third Reading Passed - No Amendments

    5/2/2025House

  7. House Committee on Appropriations Refer Amended to House Committee of the Whole

    5/1/2025House

  8. House Second Reading Special Order - Passed with Amendments - Committee

    5/1/2025House

  9. House Committee on Finance Refer Unamended to Appropriations

    4/29/2025House

  10. Senate Third Reading Passed - No Amendments

    4/28/2025Senate

  11. Introduced In House - Assigned to Finance

    4/28/2025House

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

    4/25/2025Senate

  13. Senate Second Reading Special Order - Passed with Amendments - Committee

    4/25/2025Senate

  14. Senate Committee on Finance Refer Amended to Appropriations

    4/22/2025Senate

  15. Introduced In Senate - Assigned to Finance

    1/8/2025Senate

Bill Text

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