CO HB1157

Extends the Advanced Industry Investment Tax Credit program from January 1, 2027 to January 1, 2032, allowing qualified investments in Colorado small businesses in advanced industries including quantum fields

Sets annual tax credit caps at $2.5 million for calendar years 2027 through 2031, reduced from the $4 million cap for 2023-2026

Limits individual tax credits to $100,000 per qualified investment in a qualified small business, with investors restricted to one credit per business regardless of whether invested directly or through another entity

Excludes from eligibility: C corporations, business founders/employees/contractors and their spouses, and persons who have invested more than $50,000 or own more than 10% of the qualified small business

Requires qualified small businesses receiving investments to report data on the tax credit's impact annually to the Office of Economic Development for five years following an initial qualified investment