Bill Sponsor
Colorado House Bill 1065
Session 2026A
Transit and Housing Investment Zones
Became Law
Became Law
Signed by Governor on May 27, 2026
Sponsors
Unknown
J. McCluskie
Unknown
S. Woodrow
Unknown
T. Exum
Unknown
D. Roberts
Unknown
A. Boesenecker
Unknown
S. Camacho
Unknown
J. Jackson
Unknown
M. Lindsay
Unknown
A. Paschal
Unknown
R. Stewart
Unknown
E. Velasco
Unknown
Y. Zokaie
Unknown
N. Hinrichsen
Unknown
I. Jodeh
Unknown
C. Kipp
First Action
Jan 21, 2026
Latest Action
May 27, 2026
Origin Chamber
House
Type
Bill
Bill Number
1065
State
Colorado
Session
2026A
Sponsorship by Party
Unknown
A. Boesenecker
Sponsor
Unknown
A. Paschal
Sponsor
Unknown
C. Kipp
Sponsor
Unknown
D. Roberts
Sponsor
Unknown
E. Velasco
Sponsor
Unknown
I. Jodeh
Sponsor
Unknown
J. Jackson
Sponsor
Unknown
J. McCluskie
Sponsor
Unknown
M. Lindsay
Sponsor
Unknown
N. Hinrichsen
Sponsor
Unknown
R. Stewart
Sponsor
Unknown
S. Camacho
Sponsor
Unknown
S. Woodrow
Sponsor
Unknown
T. Exum
Sponsor
Unknown
Y. Zokaie
Sponsor
Unknown
A. Valdez
Cosponsor
Unknown
E. Hamrick
Cosponsor
Unknown
G. Rydin
Cosponsor
Unknown
J. Amabile
Cosponsor
Unknown
J. Bacon
Cosponsor
Unknown
J. Bridges
Cosponsor
Unknown
J. Coleman
Cosponsor
Unknown
J. Gonzales
Cosponsor
Unknown
J. Phillips
Cosponsor
Unknown
K. McCormick
Cosponsor
Unknown
K. Nguyen
Cosponsor
Unknown
K. Stewart
Cosponsor
Unknown
K. Wallace
Cosponsor
Unknown
L. Cutter
Cosponsor
Unknown
L. Daugherty
Cosponsor
Unknown
L. Smith
Cosponsor
Unknown
M. Carter
Cosponsor
Unknown
M. Duran
Cosponsor
Unknown
M. Froelich
Cosponsor
Unknown
M. Lukens
Cosponsor
Unknown
M. Rutinel
Cosponsor
Unknown
N. Ricks
Cosponsor
Unknown
R. English
Cosponsor
Unknown
S. Lieder
Cosponsor
Unknown
W. Lindstedt
Cosponsor
Summary
The act creates the 'Transit Investment Area Act' to facilitate the financing of transit and rail station infrastructure. Specifically, the act:Allows a local government and a transit agency to jointly undertake a transit investment project. To finance the project, the local government may apply to the Colorado economic development commission (commission) to designate a transit investment area and an approved financing entity;Authorizes the approved financing entity, which may be a newly created transit investment authority, a county revitalization authority, a metropolitan district, or an urban renewal authority, to receive state sales tax increment revenue. This revenue consists of the state sales tax collected in the designated area above a base amount, plus an additional 20% to account for out-of-area deliveries.Permits the financing entity to issue bonds and use the state sales tax increment revenue to finance eligible improvements related to the transit project;Prohibits the financing entity from using the state sales tax increment revenue to acquire property through eminent domain;Requires projects to comply with specified hiring, apprenticeship, and workforce standards;Caps the commission's approval authority at no more than 3 transit investment projects in any calendar year and no more than 6 in total and caps the total state sales tax increment revenue dedicated to all projects at $75 million per fiscal year; andAuthorizes the commission to revoke project approval if substantial work does not commence within 5 years and requires financing entities to submit annual reports and independent financial audits.     The act requires the Colorado office of economic development, in consultation with the department of local affairs and the department of transportation, to publish a transit and housing investment zone map on or before October 30, 2026.     The act creates the Colorado affordable housing in transit and housing investment zones tax credit (tax credit). The tax credit is administered in the same manner as the Colorado affordable housing in transit-oriented communities income tax credit; except that the tax credit is awarded in connection with housing projects in transit and housing zones. The act authorizes the Colorado Housing and Finance Authority to allocate up to $8,333,333 in tax credits each calendar year beginning in the 2027 calendar year through the 2033 calendar year.     For the 2026-27 state fiscal year, the act appropriates $213,349 to the office of the governor for use by economic development programs.(Note: This summary applies to this bill as enacted.)
Documents (23)
Second Revised Fiscal Note
May 8, 2026
First Revised Fiscal Note
March 26, 2026
Initial Fiscal Note
February 19, 2026
Actions (15)
05/27/2026
Office of the Governor
Governor Signed
05/18/2026
Office of the Governor
Sent to the Governor
05/18/2026
Senate
Signed by the President of the Senate
05/18/2026
House
Signed by the Speaker of the House
05/13/2026
House
House Considered Senate Amendments - Result was to Concur - Repass
05/12/2026
Senate
Senate Third Reading Passed - No Amendments
05/11/2026
Senate
Senate Second Reading Special Order - Passed with Amendments - Committee
05/11/2026
Senate
Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole
05/07/2026
Senate
Senate Committee on Finance Refer Amended to Appropriations
05/04/2026
Senate
Introduced In Senate - Assigned to Finance
05/04/2026
House
House Third Reading Passed - No Amendments
05/01/2026
House
House Second Reading Special Order - Passed with Amendments - Committee, Floor
05/01/2026
House
House Committee on Appropriations Refer Amended to House Committee of the Whole
02/23/2026
House
House Committee on Finance Refer Amended to Appropriations
01/21/2026
House
Introduced In House - Assigned to Finance
Sources
Record Created
Jan 22, 2026 12:49:00 AM
Record Updated
Jun 8, 2026 6:09:25 PM