CO SB001

County commissioners may now appropriate money from the general fund (including ad valorem tax revenue) and other specified county funds for workforce housing, multijurisdictional housing authorities, and statutory housing authorities—removing the previous restriction against using ad valorem tax revenue for these purposes

Middle-income housing tax credits may be transferred from governmental or quasi-governmental entities to any individual, person, firm, corporation, or other entity subject to state income tax, eliminating the requirement that transferees own an interest in the qualified development

Transferees receiving middle-income housing tax credits can claim the credit under the same conditions and allocation rights as development owners, and remain subject to recapture provisions requiring increased state tax liability if credits are recaptured

Tax credit provisions take effect January 1, 2027; county funding provisions take effect 90 days after legislative adjournment, subject to potential referendum