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Tag: Tax Credits

Dear Colorado Legislature: Here’s Your $1 Billion Cut List
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ScottKJames.com, Approved, Commentary, State

Dear Colorado Legislature: Here’s Your $1 Billion Cut List

By Scott K. James | Commentary, ScottKJames.com Colorado’s $1B budget hole isn’t rocket science – we found the cuts. From illegal immigration perks to bloated credits, here’s the fix. (And Yes, We Found It In the Couch Cushions) Colorado lawmakers are about to lock themselves in a special session cage match because they’ve managed to spend themselves $1 billion into the red. Cue the finger-pointing, cue the “hard choices” speeches, cue the “we just need more revenue” crocodile tears. Well, guess what? We did your homework for you. We found your billion. And unlike your staff memos written in bureaucrat-ese, this cut list is in plain English – with receipts. Brace yourselves, this will be long, but I’ll give you a TL, DR version right up front… TL;DR: Colorado’s ...
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Enos: One Big Beautiful Bill? Encouraging news for homeschool freedom—and reason to stay engaged
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Christian Home Educators of Colorado, Approved, Commentary, National

Enos: One Big Beautiful Bill? Encouraging news for homeschool freedom—and reason to stay engaged

By Colleen Enos | Commentary, Christian Home Educators of Colorado By now, everyone has heard about the passage of HR1, the One Big Beautiful Bill Act, by our Federal Congress. President Trump signed the bill into law on the 4th of July, before the fireworks began exploding in Washington, D.C., to celebrate America’s 249th birthday. The Educational Choice for Children Act (ECCA) was included in the legislation. Passing the bill was a monumental event, with the Trump Administration touting it as its signature achievement. It is important to note that the Education Scholarship donations provided for in the bill are made by individuals and are, therefore, private monies. They are not tax dollars. Delmarva claims that “this structure is intended to address c...
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Colorado’s Green Tax Credits to be Slashed Due to Dismal Economic Forcast
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State, The Colorado Sun

Colorado’s Green Tax Credits to be Slashed Due to Dismal Economic Forcast

By Taylor Dolven | The Colorado Sun State discounts for purchasing heat pumps, e-bikes, and electric cars and trucks will be cut in half next year, Colorado economists announced Wednesday. The tax credits, some made available just last year, will be slashed in 2026 because of a dismal state revenue forecast, said Emily Dohrman, senior economist for nonpartisan Legislative Council Staff, at the Joint Budget Committee’s quarterly meeting. Lawmakers enacted the green tax credits in 2023 to make electric transportation and heating and cooling more appealing to Coloradans. But the availability of the credits hinges on state economic forecasts showing at least 4% projected revenue growth in the next fiscal year, or else they are cut by 50%. Up until recently, it looked like the state...
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Colorado gives $8 million tax credit to fuel “clean iron” plant in Jefferson County
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Approved, Local, The Colorado Sun

Colorado gives $8 million tax credit to fuel “clean iron” plant in Jefferson County

By Michael Booth | Colorado Sun A Boulder company with a patented method to take most of the carbon emissions out of the energy-intensive iron and steelmaking process will use $8 million from the inaugural state industrial tax credit to build a manufacturing plant in Jefferson County, officials said Tuesday.  The patented process produces “clean” industrial iron at the temperature of a cup of coffee, rather than the 1,200-degree Fahrenheit furnaces traditionally used in iron and steelmaking, according to Electrasteel Inc, known as Electra. Currently employing more than 130 people, Electra uses an electrochemical process and hopes to cut 30% or more of the carbon emissions from traditional production.  “We founded Electra here in Colorado to decarbonize a carbon-heavy industri...
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State income tax credit for college tuition will cost Colorado $38M annually
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Approved, State, The Center Square

State income tax credit for college tuition will cost Colorado $38M annually

By Joe Mueller | The Center Square A refundable state income tax credit, estimated at reducing Colorado's tax revenue by approximately $38 million, can now be used to pay for tuition and fees at Colorado’s higher education institutions. House Bill 24-1430, signed into law by Gov. Jared Polis on Thursday, creates the tax credit to encourage Colorado high school graduates to enroll in the state’s higher education institutions. A student enrolled in a public state institution of higher education, community college, technical school or occupational educational school can receive the tax credit for income tax years 2025 through 2032. The bill with amendments passed unanimously in the House on May 8, the last day of the 2024 legislative session, after passing 28-5 in the Senate earlier ...
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