Colorado HB1362 repeals the Decarbonization Tax Credits Administration Cash Fund.

HB1362 repeals the Decarbonization Tax Credits Administration Cash Fund, which was created to manage administrative costs for various decarbonization tax credits. The fund's remaining balance, excluding expended and encumbered funds, will not be less than $300,000. On July 1, 2036, the state treasurer will transfer all remaining funds to the general fund. The bill also makes amendments to various sections of Colorado Revised Statutes, including the transfer of funds to other cash funds and the repeal of certain subsections.

Colorado HB1362 repeals the Decarbonization Tax Credits Administration Cash Fund.

HB1362 repeals the Decarbonization Tax Credits Administration Cash Fund, which was created to manage administrative costs for various decarbonization tax credits. The fund's remaining balance, excluding expended and encumbered funds, will not be less than $300,000. On July 1, 2036, the state treasurer will transfer all remaining funds to the general fund. The bill also makes amendments to various sections of Colorado Revised Statutes, including the transfer of funds to other cash funds and the repeal of certain subsections.