Bill > SB307

This bill modifies the financial management of the Decarbonization Tax Credits Administration Cash Fund by establishing specific transfer and revenue guidelines. For state fiscal years 2024-25 and 2025-26, the bill limits the amount of severance tax revenue credited to the fund to not exceed the net revenue from oil and gas severance tax collections. The bill requires two significant transfers: on June 30, 2025, $2.5 million will be transferred from the Energy and Carbon Management Cash Fund to the Decarbonization Tax Credits Administration Cash Fund, and on January 1, 2026, $2.5 million will be transferred from the Decarbonization Tax Credits Administration Cash Fund back to the Energy and Carbon Management Cash Fund. Both of these transfer provisions are set to be repealed on July 1, 2026. The bill is part of ongoing efforts to manage state funds related to decarbonization initiatives and severance tax revenues, with provisions designed to control and balance fund allocations over specific fiscal years.

Budget and Finance

https://leg.colorado.gov/bills/sb25-307