Colorado Creates Transit, Housing Investment Zones Income Tax Credit

The Colorado Governor signed a law that includes: 1) creating the Transit Investment Area Act authorizing local governments to apply for and create transit investment areas that utilize state sales tax increment revenue to finance eligible improvements; and 2) creating the affordable housing in transit and housing investment zones income tax credit and allowing $8.3 million in credits to be awarded each calendar year from 2027 through 2033. The law takes effect on May 27. [H.B. 1065, enacted 05/27/26]

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