---
type: "Bill"
title: "Employee Ownership Tax Credit Expansion"
description: "Under the law, a qualified business is allowed a tax credit in the amount of 50% of the costs to convert the qualified business to a form of employee ownership. The tax credit has been capped at $25,000 for converting a qualified business to a worker-owned cooperative or employee ownership trust and $100,000 for converting a qualified business to an employee stock ownership plan."
jurisdiction: "us/states/co"
legislature: "Colorado General Assembly"
session: "2023A"
identifier: "HB 23-1081"
citation: "Colorado HB 23-1081 (2023A)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Nick Hinrichsen", "Rick Taggart", "William Lindstedt"]
version_count: 9
action_count: 15
vote_count: 2
first_action: "2023-01-19T07:00:00+00:00"
last_action: "2023-05-23T06:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/2ddae27a-88dc-4231-83e5-be38a292d823"
source_url: "https://leg.colorado.gov/bills/hb23-1081"
source_hash: "0fdd2dbd1d76c6be9608f6e1ae086107305b33de5eca6331d1cb7d019e333770"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-co"]
---

# Colorado HB 23-1081 (2023A) — Employee Ownership Tax Credit Expansion

Under the law, a qualified business is allowed a tax credit in the amount of 50% of the costs to convert the qualified business to a form of employee ownership. The tax credit has been capped at $25,000 for converting a qualified business to a worker-owned cooperative or employee ownership trust and $100,000 for converting a qualified business to an employee stock ownership plan.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Committee Amendment** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/2023a_hb1081_s_app_001.pdf)
2. **Engrossed (04/19/2023)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2023A/bills/2023a_1081_eng.pdf)
3. **Final Act (05/12/2023)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2023A/bills/2023a_1081_enr.pdf)
4. **Introduced (01/19/2023)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2023A/bills/2023a_1081_01.pdf)
5. **PA1 (02/03/2023)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2023A/bills/2023a_1081_h_fin_01.pdf)
6. **Reengrossed (04/21/2023)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2023A/bills/2023a_1081_ren.pdf)
7. **Rerevised (05/05/2023)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2023A/bills/2023a_1081_rer.pdf)
8. **Revised (05/04/2023)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2023A/bills/2023a_1081_rev.pdf)
9. **Signed Act (05/23/2023)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/2023a_1081_signed.pdf)

## Votes

- BILL — **55–4** (pass) · lower
- BILL — **28–7** (pass) · upper

## Sponsors

- Nick Hinrichsen — primary (person)
- Rick Taggart — primary (person)
- William Lindstedt — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2023-05-23T06:00:00+00:00** Governor Signed `executive-signature`
- **2023-05-12T06:00:00+00:00** Sent to the Governor `executive-receipt`
- **2023-05-12T06:00:00+00:00** Signed by the President of the Senate
- **2023-05-11T06:00:00+00:00** Signed by the Speaker of the House
- **2023-05-05T06:00:00+00:00** Senate Third Reading Passed - No Amendments `passage, reading-3`
- **2023-05-04T06:00:00+00:00** Senate Second Reading Special Order - Passed - No Amendments
- **2023-05-04T06:00:00+00:00** Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole `committee-passage, referral-committee`
- **2023-05-02T06:00:00+00:00** Senate Committee on Finance Refer Unamended to Appropriations `referral-committee`
- **2023-04-24T06:00:00+00:00** Introduced In Senate - Assigned to Finance `introduction`
- **2023-04-21T06:00:00+00:00** House Third Reading Passed - No Amendments `passage, reading-3`
- **2023-04-20T06:00:00+00:00** House Third Reading Laid Over Daily - No Amendments
- **2023-04-19T06:00:00+00:00** House Second Reading Special Order - Passed with Amendments - Committee, Floor
- **2023-04-18T06:00:00+00:00** House Committee on Appropriations Refer Unamended to House Committee of the Whole `committee-passage, referral-committee`
- **2023-02-02T07:00:00+00:00** House Committee on Finance Refer Amended to Appropriations `referral-committee`
- **2023-01-19T07:00:00+00:00** Introduced In House - Assigned to Finance `introduction`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/2ddae27a-88dc-4231-83e5-be38a292d823`. Confidence: reported (aggregated from official Colorado legislature records).