CO SB310

Creates the Peace Officer Training and Support Fund with $15 million transferred on July 1, 2026, and at least $15 million annually thereafter until $350 million total is transferred, to be distributed to local law enforcement agencies for officer training and compensation

Establishes a $1 million death benefit for families of first responders (peace officers, firefighters, EMS providers) who die in the line of duty or from occupational diseases, with payments distributed to surviving spouses, children, designated beneficiaries, or parents

Creates the Death Benefit Fund with $5 million transferred on July 1, 2025 and July 1, 2026, maintained at a minimum $10 million balance thereafter, to fund the death benefit payments

Requires law enforcement agencies to certify they will use fund distributions only for permissible purposes (training and compensation) and prohibits supplanting existing local funding with state funds

Provides a state income tax subtraction for death benefit recipients whose payments do not qualify for federal tax exemption, and appropriates $5,046,967 for FY 2025-26 to implement the death benefit program