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Democrats Propose Bills to Decouple Colorado Businesses From New Tax Breaks, Revive Tax Credit for Low-Income Families
Colorado Democrats plan to repeal several business tax breaks to fund a new per-child credit for families earning up to $95,000 amid a $1.2 billion state revenue shortfall.
- On Feb. 17, 2026, Colorado Democrats unveiled a suite of bills to end business tax breaks and create a new child tax credit, State Rep. Lorena Garcia announced at the Capitol.
- Mirroring federal law, Colorado's tax code applied tax cuts from the One Big Beautiful Bill Act last year, reducing state revenue and shutting off the Family Affordability Tax Credit.
- Targeted changes would cap salary deductions at $1 million for top-paid employees, limit operating losses, depreciation, and interest deductions, and repeal the electronically delivered software sales-tax exemption.
- Loren Furman, President and CEO , warned Tuesday the package raises deep concerns, Republicans and business leaders said it will hurt competitiveness, and the Joint Budget Committee expects over $800 million in cuts.
- If passed this year, the new Family Affordability Credit could be claimed starting in 2027 and mirrors the FATC design, which researchers credited with a 37% drop in child poverty.
11 Articles
11 Articles
Steamboat Pilot & Today
Democrats propose bills to decouple Colorado businesses from new tax breaks, revive tax credit for low-income families
Democratic state lawmakers are preparing to roll out a package of bills that would end a suite of tax breaks for businesses and direct that money to a new child tax credit for lower-income families. The core of the policies would end several tax benefits in Colorado that were created or expanded under the One Big Beautiful Bill Act, the sweeping domestic policy law passed by congressional Republicans’ and signed by President Donald Trump last s…
The Fort Morgan Times
Colorado Democrats propose tax reforms steering impact of federal tax cuts to families
Colorado Democrats are set to unveil a suite of bills Tuesday that aim to divorce the state tax code from recent federal changes — generating extra state revenue that would be used to provide at least some money to low and middle-income families with children. The legislative package sponsored by a dozen lawmakers would repeal a variety of state tax exemptions that mirror tax breaks in the federal code. It puts a particular focus on splitting th…
Democrats aim to roll back business tax breaks to fund new per-child benefit for lower-income Colorado families
Many of the business tax breaks targeted under the plan were created or expanded by Republicans in Congress through their One Big Beautiful Bill Act
Colorado moves to end tax breaks, create new family credit
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