CO HB1246

Establishes the "Colorado Crowdfunding Act," creating an exemption from state securities registration for intrastate offerings that meet specified requirements.

Limits offerings to $1 million per 12-month period (or $2 million with audited financial statements), with individual investor limits of $5,000 per 12 months unless they are accredited investors.

Requires issuers to be Colorado entities doing business in Colorado and using at least 80% of proceeds in Colorado; investors must be Colorado residents or Colorado-formed entities.

Mandates escrow accounts, notice filings with the Securities Commissioner, disclosure documents, and quarterly reporting to owners detailing executive compensation and financial condition.

Defines "online intermediaries" as platforms facilitating crowdfunding offerings and exempts them from broker-dealer licensing requirements if they comply with registration, fee, and operational restrictions established by rule.