ColoradoSB26-0012026 Regular SessionSenateWALLET

Workforce Housing & Housing Tax Credit

Sponsored By: Andrew Boesenecker (Democratic), Chris Richardson (Republican), Dylan Roberts (Democratic), Jeff Bridges (Democratic)

Signed by Governor

Fiscal Policy & Taxes

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Bill Overview

Analyzed Economic Effects

8 provisions identified: 7 benefits, 1 costs, 0 mixed.

Buy state housing tax credits in 2027

Beginning January 1, 2027, a government or quasi‑government entity can transfer its state housing tax credits to a taxpayer. If you buy the credits, you are treated like the owner for claiming them. You can claim the credit on your Colorado return under the same rules owners follow.

No sales tax on county housing materials

Contractors and subcontractors do not pay sales or use tax on materials they buy for county workforce housing projects. The project must be undertaken by a county. This lowers material costs for qualifying jobs.

Recapture rules for bought housing credits

If the project's qualified basis falls during the compliance period, recapture applies to transferred credits. Your state income tax goes up by the recapture amount for that year. Your return must list who is subject to recapture and the amount allocated. The transferring entity must also report the buyer to the state.

Counties can fund housing without property taxes

County boards can spend money from the county general fund or other non‑property‑tax sources on workforce housing and housing programs, including housing authorities. This expands local funding choices beyond property taxes.

Sale money must fund the project

Beginning January 1, 2027, when a government entity sells housing tax credits, it must put all money from the sale back into the same project. This keeps credit‑sale dollars working on the housing development.

Cities and counties can sell land for housing

The law lets counties and cities sell government buildings or land for affordable or needed housing. Park land is not allowed. Local boards set the deal terms at a regular or special meeting. This speeds use of public property for housing.

Cities can use long housing leases

The law lets cities and towns sign long leases, including an option to buy, to support affordable or needed housing. The option cannot last more than 30 years or the property's useful life. The lease must be approved by ordinance and cannot be used to finance the housing itself. This gives cities another way to provide sites for homes.

Voter approval to join regional housing authority

A contract to form a regional housing authority can require voter approval. The ballot can be combined with a tax, impact fee, or debt question. The vote can occur at a general, biennial local, or odd‑year election. Counties pay the election costs. This gives residents a direct say on joining and funding the authority.

Sponsors & Cosponsors

Sponsors

  • Andrew Boesenecker

    Democratic • House

  • Chris Richardson

    Republican • House

  • Dylan Roberts

    Democratic • Senate

  • Jeff Bridges

    Democratic • Senate

Cosponsors

  • Brianna Titone

    Democratic • House

  • Chad Clifford

    Democratic • House

  • Eliza Hamrick

    Democratic • House

  • Emily Sirota

    Democratic • House

  • Gretchen Rydin

    Democratic • House

  • Jennifer Bacon

    Democratic • House

  • Jarvis Caldwell

    Republican • House

  • Jamie Jackson

    Democratic • House

  • Junie Joseph

    Democratic • House

  • Javier Mabrey

    Democratic • House

  • Julie McCluskie

    Democratic • House

  • Kyle Brown

    Democratic • House

  • Karen McCormick

    Democratic • House

  • Kenny Nguyen

    Democratic • House

  • Lorena Garcia

    Democratic • House

  • Lesley Smith

    Democratic • House

  • Meg Froelich

    Democratic • House

  • Mandy Lindsay

    Democratic • House

  • Manny Rutinel

    Democratic • House

  • Ryan Gonzalez

    Republican • House

  • Rebekah Stewart

    Democratic • House

  • Sean Camacho

    Democratic • House

  • Steven Woodrow

    Democratic • House

  • Tisha Mauro

    Democratic • House

  • Tammy Story

    Democratic • House

  • Ty Winter

    Republican • House

  • Yara Zokaie

    Democratic • House

  • Cathy Kipp

    Democratic • Senate

  • Iman Jodeh

    Democratic • Senate

  • Julie Gonzales

    Democratic • Senate

  • Kyle Mullica

    Democratic • Senate

  • Lisa Cutter

    Democratic • Senate

  • Marc Snyder

    Democratic • Senate

  • Mike Weissman

    Democratic • Senate

  • Tom Sullivan

    Democratic • Senate

  • William Lindstedt

    Democratic • Senate

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Governor Signed

    3/25/2026House
  2. Signed by the Speaker of the House

    3/18/2026House
  3. Sent to the Governor

    3/18/2026House
  4. Signed by the President of the Senate

    3/17/2026Senate
  5. Senate Considered House Amendments - Result was to Concur - Repass

    3/11/2026Senate
  6. House Third Reading Passed - No Amendments

    3/10/2026House
  7. House Second Reading Special Order - Passed with Amendments - Floor

    3/9/2026House
  8. House Committee on Transportation, Housing & Local Government Refer Unamended to House Committee of the Whole

    3/4/2026House
  9. Senate Third Reading Passed - No Amendments

    2/4/2026Senate
  10. Introduced In House - Assigned to Transportation, Housing & Local Government

    2/4/2026House
  11. Senate Second Reading Passed with Amendments - Committee, Floor

    2/3/2026Senate
  12. Senate Committee on Local Government & Housing Refer Amended to Senate Committee of the Whole

    1/29/2026Senate
  13. Introduced In Senate - Assigned to Local Government & Housing

    1/14/2026Senate

Bill Text

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