Allow Treasury to Sell Tax Credits to Non-Insurance Entities
Summary
Colorado HB26-1346 proposes expanding who may purchase unsold insurance premium tax credits from the Department of the Treasury. Under current law (HB25B-1004, enacted 2025), only insurance companies could purchase these credits. The bill would extend eligibility to non-insurance entities that contract with the department. Once purchased by a non-insurance entity, the credit could be transferred once to an insurance company, but further transfers would be prohibited. The bill has passed the House Finance Committee and awaits third reading in the House.
“The bill allows the department, following the department's application process for insurance companies to purchase tax credits from the department, to sell tax credits to other entities that contract with the department.”
Non-insurance entities that contract with the Colorado Department of Treasury may gain access to insurance premium tax credits under HB26-1346. Entities considering participation should review the proposed one-transfer restriction carefully — credits purchased could only be transferred once to an insurance company, eliminating secondary market flexibility.
What changed
HB26-1346 amends HB25B-1004 to permit the Colorado Department of the Treasury to sell insurance premium tax credits to entities other than insurance companies. The bill creates a pathway for non-insurance contracting entities to acquire credits, with a one-time transfer right to an insurance company, but no subsequent transfers allowed.
Affected parties include insurance companies that currently have exclusive access to these tax credits, non-insurance businesses seeking tax credit investments, and the Treasury Department administering the sales process. Insurance companies should monitor whether increased competition for tax credits affects pricing or availability. Non-insurance entities considering purchasing credits should evaluate the one-transfer limitation and its implications for their tax planning strategies.
Archived snapshot
Apr 21, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
HB26-1346
Transfer of Unsold Insurance Premium Tax Credits
| Type | Bill |
|---|---|
| Session | 2026 Regular Session |
| Subjects | Fiscal Policy & Taxes Health Care & Health Insurance |
Concerning allowing the department of the treasury to sell unsold insurance premium tax credits to entities that are not insurance companies.
Recent Bill (PDF) Recent Fiscal Note (PDF) Bill Summary:
House Bill 25B-1004, enacted in 2025, authorized the department of the treasury (department) to sell insurance premium tax credits (tax credits) to insurance companies that incur state premium tax liability. The bill allows the department, following the department's application process for insurance companies to purchase tax credits from the department, to sell tax credits to other entities that contract with the department. An entity that contracts with the department to purchase tax credits may transfer the tax credits once to an insurance company. The insurance company is not permitted to further transfer the tax credits following the transfer to the insurance company.
(Note: This summary applies to this bill as introduced.)
Prime Sponsors
Brianna Titone
Representative
Steven Woodrow
Senator
Cathy Kipp
Committees
House
Share:
-
If you require reasonable accessibility accommodation to access this content, please email accessibility@coleg.gov.
Status
Under Consideration
Introduced
Under Consideration
Upcoming Schedule
1 meeting
Apr 21
House Third Reading of Bills - Final Passage
9:00 AM House Chamber
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 04/20/2026 | Engrossed | |
| 04/01/2026 | Introduced |
| Date | Version | Documents |
|---|---|---|
| 04/09/2026 | Initial Fiscal Note |
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 26-1346 to the Committee of the Whole. | The motion passed on a vote of 6-5. | Vote summary |
| Hearing Summary | Committee Report: PDF | |
| Date | Location | Action |
| --- | --- | --- |
| 04/20/2026 | House | House Second Reading Special Order - Passed - No Amendments |
| 04/16/2026 | House | House Committee on Finance Refer Unamended to House Committee of the Whole |
| 04/01/2026 | House | Introduced In House - Assigned to Finance |
Prime Sponsor
Rep. B. Titone | Rep. S. Woodrow
Sponsor
(None) Co-Sponsor
(None)
Quick Links
Related changes
Get daily alerts for CO Legislature Bill Search
Daily digest delivered to your inbox.
Free. Unsubscribe anytime.
Source
About this page
Every important government, regulator, and court update from around the world. One place. Real-time. Free. Our mission
Source document text, dates, docket IDs, and authority are extracted directly from CO Legislature.
The summary, classification, recommended actions, deadlines, and penalty information are AI-generated from the original text and may contain errors. Always verify against the source document.
Classification
Who this affects
Taxonomy
Browse Categories
Get alerts for this source
We'll email you when CO Legislature Bill Search publishes new changes.
Subscribed!
Optional. Filters your digest to exactly the updates that matter to you.