Overview
- House Democrats took initial votes on HB-1001 to permanently limit the federal 199A business-income deduction for high earners, projected to raise $46 million this fiscal year and about $100 million annually in the next two years.
- Leaders expect to deploy roughly $300 million from reserves while Gov. Jared Polis prepares mid‑year spending reductions that could begin as soon as Sept. 1.
- Majority lawmakers are pushing rollbacks of business tax breaks and new fees on health insurers to generate $300 million to $400 million, with Republicans opposing the moves as unlawful under TABOR.
- Conservative groups and GOP lawmakers are preparing lawsuits challenging the revenue measures, while Democrats say their package stays under court‑recognized limits.
- The Senate passed bills to bolster funding for food stamps and Planned Parenthood and to bar taxpayer dollars for adding more gray wolves next year, with new wolves instead to be financed by fees or donations; one AI bill was amended to delay the law, and another remains stalled.