Colorado State Treasurer Dave Young has announced the start of phase two in the state’s tax credit sale, a program designed to raise up to $100 million for Colorado’s General Fund.
“Phase two of the tax credit sale expands access to additional companies, helping generate immediate support for the State’s General Fund,” said Colorado State Treasurer Dave Young. “This approach allows the State to collect near-term revenue while enabling businesses to responsibly manage future tax liabilities.”
The initiative is part of a broader effort that began after legislation was passed during the 2025 Special Session (HB25B-1004). The Department of Treasury has partnered with Advantage Capital to oversee the process. In its first phase, which ended on December 22, 2025, only insurance companies with a qualified or regional home in Colorado could participate. The second phase now opens eligibility to more premium and corporate income taxpayers and will run through February 6, 2026.
Eligible participants can submit bids for tax credits at a fixed price per credit. Once accepted by the Treasury, these bids are final. Tax credits acquired through this program can be claimed between 2026 and 2028. Depending on how they are applied—against corporate income tax, insurance premiums, or regulatory taxes—the utilization schedules may differ slightly. Credits are also transferable within affiliated entities and can be carried forward until the end of tax year 2033.
Interested taxpayers must complete their commitment forms by 5 p.m. MST on Friday, February 6, 2026 via coloradocredits.advantagecap.com. Successful applicants will then sign purchase agreements to finalize their participation.
Advantage Capital is scheduled to host an online informational session about the program on January 13, 2026 at 2 p.m. MST for those seeking further details or registration information; inquiries can be directed to COtaxcredits@advantagecap.com.
The Colorado Department of the Treasury manages public funds from receipt through disbursement and is responsible for safeguarding taxpayer dollars.
