Colorado Modifies Certain Tax Expenditures

The Colorado Governor signed a law modifying multiple tax expenditures, eliminates various tax credits and deductions, and streamlines Colorado’s tax code. The law impacts corporate combined reporting rules, fuel tax rates, sales tax exemptions, and tobacco tax vendor allowances. Most provisions take effect Jan. 1, 2027, with some changes beginning Jan. 1, 2026. [H.B. 1289, enacted 06/03/26]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.