Fabio
119 lines
7.9 KiB
Markdown
119 lines
7.9 KiB
Markdown
---
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type: "Bill"
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title: "Tax Incentives for Employee-Owned Businesses"
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description: "The act creates 2 income tax subtractions for income tax years commencing on or after January 1, 2027, but before January 1, 2038. The first subtraction is for an amount equal to state capital gains that are realized by a taxpayer, who is the owner of a qualified business, during the taxable year for the conversion by an increment of at least 20% ownership to a qualified employee-owned business. The taxpayers that are eligible for this subtraction are the same taxpayers that would be eligible for the tax credit for conversion costs for employee business ownership. The total amount of capital gains that a taxpayer may subtract is set by and may be annually adjusted by the Colorado office of economic development (office), and is required to be posted on the office's website. The second subtraction is allowed to worker-owned cooperatives in an amount equal to the worker-owned cooperative's federal taxable income for the tax year not to exceed $1 million."
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jurisdiction: "us/states/co"
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legislature: "Colorado General Assembly"
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session: "2025A"
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identifier: "HB 25-1021"
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citation: "Colorado HB 25-1021 (2025A)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["Jeff Bridges", "Mark Baisley", "Rick Taggart", "William Lindstedt"]
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version_count: 11
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action_count: 16
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vote_count: 4
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first_action: "2025-01-08T07:00:00+00:00"
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last_action: "2025-05-30T06:00:00+00:00"
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source: "openstates"
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source_identifier: "ocd-bill/4115d66a-9e80-44f8-84fa-ce7e1308ef86"
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source_url: "https://leg.colorado.gov/bills/hb25-1021"
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source_hash: "2f976dea1944626052290590b052c5bd34e05a54e4995c6417086ccd641889e2"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-co"]
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---
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# Colorado HB 25-1021 (2025A) — Tax Incentives for Employee-Owned Businesses
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The act creates 2 income tax subtractions for income tax years commencing on or after January 1, 2027, but before January 1, 2038. The first subtraction is for an amount equal to state capital gains that are realized by a taxpayer, who is the owner of a qualified business, during the taxable year for the conversion by an increment of at least 20% ownership to a qualified employee-owned business. The taxpayers that are eligible for this subtraction are the same taxpayers that would be eligible for the tax credit for conversion costs for employee business ownership. The total amount of capital gains that a taxpayer may subtract is set by and may be annually adjusted by the Colorado office of economic development (office), and is required to be posted on the office's website. The second subtraction is allowed to worker-owned cooperatives in an amount equal to the worker-owned cooperative's federal taxable income for the tax year not to exceed $1 million.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Committee Amendment** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/2025a_hb1021_s_app_001.pdf)
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2. **Engrossed (04/25/2025)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2025A/bills/2025a_1021_eng.pdf)
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3. **Final Act (05/19/2025)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2025A/bills/2025a_1021_enr.pdf)
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4. **Introduced (01/08/2025)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2025A/bills/2025a_1021_01.pdf)
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5. **PA1 (02/21/2025)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2025A/bills/2025a_1021_h_bus_01.pdf)
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6. **PA2 (03/06/2025)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2025A/bills/2025a_1021_h_bus_fin_01.pdf)
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7. **PA3 (05/01/2025)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2025A/bills/2025a_1021_s_fin_01.pdf)
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8. **Reengrossed (04/28/2025)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2025A/bills/2025a_1021_ren.pdf)
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9. **Rerevised (05/05/2025)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2025A/bills/2025a_1021_rer.pdf)
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10. **Revised (05/02/2025)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2025A/bills/2025a_1021_rev.pdf)
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11. **Signed Act (05/30/2025)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/2025a_1021_signed.pdf)
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## Votes
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- REPASS — **57–7** (pass) · lower
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- BILL — **56–8** (pass) · lower
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- BILL — **34–1** (pass) · upper
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- CONCUR — **61–3** (pass) · lower
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## Sponsors
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- Jeff Bridges — primary (person)
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- Mark Baisley — primary (person)
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- Rick Taggart — primary (person)
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- William Lindstedt — primary (person)
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- A. Boesenecker — cosponsor (person)
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- A. Paschal — cosponsor (person)
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- B. Titone — cosponsor (person)
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- C. Clifford — cosponsor (person)
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- D. Michaelson Jenet — cosponsor (person)
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- D. Roberts — cosponsor (person)
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- F. Winter — cosponsor (person)
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- I. Jodeh — cosponsor (person)
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- J. Amabile — cosponsor (person)
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- J. Jackson — cosponsor (person)
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- J. McCluskie — cosponsor (person)
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- K. Mullica — cosponsor (person)
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- K. Stewart — cosponsor (person)
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- L. Daugherty — cosponsor (person)
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- L. Liston — cosponsor (person)
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- M. Carter — cosponsor (person)
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- M. Catlin — cosponsor (person)
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- M. Duran — cosponsor (person)
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- M. Lukens — cosponsor (person)
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- M. Snyder — cosponsor (person)
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- M. Soper — cosponsor (person)
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- M. Weissman — cosponsor (person)
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- N. Hinrichsen — cosponsor (person)
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- N. Ricks — cosponsor (person)
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- R. English — cosponsor (person)
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- R. Gonzalez — cosponsor (person)
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- S. Bird — cosponsor (person)
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- S. Camacho — cosponsor (person)
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- S. Lieder — cosponsor (person)
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- T. Exum — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2025-05-30T06:00:00+00:00** Governor Signed `executive-signature`
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- **2025-05-19T06:00:00+00:00** Sent to the Governor `executive-receipt`
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- **2025-05-19T06:00:00+00:00** Signed by the President of the Senate
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- **2025-05-19T06:00:00+00:00** Signed by the Speaker of the House
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- **2025-05-05T06:00:00+00:00** House Considered Senate Amendments - Result was to Concur - Repass
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- **2025-05-05T06:00:00+00:00** Senate Third Reading Passed - No Amendments `passage, reading-3`
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- **2025-05-02T06:00:00+00:00** Senate Second Reading Special Order - Passed with Amendments - Committee
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- **2025-05-02T06:00:00+00:00** Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole `committee-passage`
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- **2025-05-01T06:00:00+00:00** Senate Committee on Finance Refer Amended to Appropriations `referral-committee`
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- **2025-04-29T06:00:00+00:00** Introduced In Senate - Assigned to Finance `introduction`
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- **2025-04-28T06:00:00+00:00** House Third Reading Passed - No Amendments `passage, reading-3`
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- **2025-04-25T06:00:00+00:00** House Second Reading Special Order - Passed with Amendments - Committee, Floor
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- **2025-04-25T06:00:00+00:00** House Committee on Appropriations Refer Unamended to House Committee of the Whole `committee-passage, referral-committee`
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- **2025-03-03T07:00:00+00:00** House Committee on Finance Refer Amended to Appropriations `referral-committee`
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- **2025-02-19T07:00:00+00:00** House Committee on Business Affairs & Labor Refer Amended to Finance `referral-committee`
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- **2025-01-08T07:00:00+00:00** Introduced In House - Assigned to Business Affairs & Labor `introduction`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/4115d66a-9e80-44f8-84fa-ce7e1308ef86`. Confidence: reported (aggregated from official Colorado legislature records).
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