Regenerative Agriculture Tax Credit

Skip to main content Hide Because the General Assembly adjourned on May 13, 2026, any legislation enacted without a safety clause goes into effect on August 12, 2026 (unless otherwise specified). Read more. Celebrate Colorado's 150th Birthday at the Statehouse on August 1, 2026. Read More. On Wednesday, June 24th, we will be migrating web pages containing legacy content to a new location. Read More Schedule Visit & Learn Find My Legislator Watch & Listen Second Regular Session | 75th General Assembly Colorado General Assembly Menu search#clearInput" data-search-target="clearButton"> Search Bills Bills Search Bills Bill Digest Prior Sessions Laws Colorado Laws U.S. Constitution Colorado Constitution Colorado Revised Statutes Session Laws Uniform State Laws Colorado Appellate Court Opinions Executive Agency Rules & Regulations Legislators Legislators Find My Legislator House Term Limits Senate Term Limits Past & Present Legislators Committees Committees Committee Information Committee Room Policy Public Testimony Options Committee Archives Initiatives Overview Initiatives Filed Ballot Analysis Blue Book Libro azul Budget Budget Explore the Budget JBC Documents Joint Budget Committee Staff Joint Technology Committee (JTC) Capital Development Committee (CDC) Audits Audits Search Audits Publications Publications Search Publications Agencies Agencies House of Representatives Senate Joint Budget Committee Staff Legislative Council Staff Office of Legislative Legal Services Office of the State Auditor Schedule Visit & Learn Find My Legislator Watch & Listen SB24-152 Regenerative Agriculture Tax Credit Type Bill Session 2024 Regular Session Subjects Agriculture Concerning an income tax credit for qualifying food and beverage retailers in the state that source ingredients from local producers practicing regenerative agriculture. Recent Bill (PDF) Recent Fiscal Note (PDF) Bill Summary: The bill creates a tax incentive program to be administered by the department of agriculture and the department of revenue to encourage local food and beverage retailers to purchase agricultural commodities from local producers practicing regenerative agriculture. For income tax years commencing on or after January 1, 2024, but before January 1, 2029, January 1, 2026, but before January 1, 2031, qualifying retailers that purchase produce and animal products from qualifying local producers are allowed an income tax credit in an amount equal to 25% of the total amount paid for all such purchases by the qualifying retailer in the income tax year in accordance with the requirements and limitations set forth in section 2 of the bill. Section 3 makes a conforming amendment to allow the exchange between the department of agriculture and the department of revenue of otherwise confidential tax information pertinent to an income tax credit claim allowed pursuant to section 2. To claim the credit, a qualifying retailer must annually apply for and receive a tax credit certificate from the department of agriculture, which tax credit certificate must then be filed with the department of revenue. The department of agriculture shall not issue tax credit certificates that exceed an aggregate amount of $2,500,000 in a calendar year. Moreover, notwithstanding any other provision of the bill, if the June 2025 revenue forecast and each June revenue forecast thereafter through the June 2029 forecast, as prepared by either legislative council staff or the office of state planning and budgeting, projects that state revenues will not increase by at least 4% for the next fiscal year, then the amount of the credit any qualifying retailer may claim pursuant to the bill in said next fiscal year is reduced by 50%; except that, if the amount of a reduced tax credit is equal to or less than $500, then the department of agriculture shall not issue a tax credit certificate at all. (Note: Italicized words indicate new material added to the original summary; dashes through words indicate deletions from the original summary.) (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) bill-detail#toggle' id='read-more-less-btn'> Read more Prime Sponsors Senator Cleave Simpson Senator Dylan Roberts Representative Karen McCormick Committees Senate Agriculture & Natural Resources Finance Appropriations House Agriculture, Water & Natural Resources Finance Appropriations Share: If you require reasonable accessibility accommodation to access this content, please email accessibility@coleg.gov . Status Lost Introduced Lost Related Documents & Information Bill Text Fiscal Committees Votes Amendments Bill History Sponsors Bill Text Fiscal Committees Votes Amendments Bill History Sponsors All Versions (3) Date Version Documents 04/17/2024 Reengrossed PDF 04/16/2024 Engrossed PDF 02/07/2024 Introduced PDF Preamended Versions (4) Date Version Documents 04/30/2024 PDF 04/23/2024 PDF 04/16/2024 PDF 03/20/2024 PDF Fiscal Notes (5) Date Version Documents 08/08/2024 FN5 PDF 04/24/2024 FN4 PDF 04/19/2024 FN3 PDF 04/08/2024 FN2 PDF 03/05/2024 FN1 PDF Budget Staff Analysis (1) Date Version Documents 04/15/2024 SA1 PDF 05/14/2024 | House Appropriations Activity Vote Documents Hearing Summary 04/29/2024 | House Finance (2) Activity Vote Documents Adopt amendment L.005 (Attachment B). The motion passed without objection. Vote summary Refer Senate Bill 24-152, as amended, to the Committee on Appropriations. The motion passed on a vote of 7-2. Vote summary Hearing Summary | Committee Report: PDF 04/22/2024 | House Agriculture, Water & Natural Resources (2) Activity Vote Documents Adopt amendment L.004 The motion passed without objection. Vote summary Refer Senate Bill 24-152, as amended, to the Committee on Finance. The motion passed on a vote of 11-2. Vote summary Hearing Summary | Committee Report: PDF 04/16/2024 | Senate Appropriations (2) Activity Vote Documents Adopt amendment L.003 The motion passed without objection. Vote summary Refer Senate Bill 24-152, as amended, to the Committee of the Whole and with a recommendation that it be placed on the consent calendar. The motion passed on a vote of 9-0. Vote summary Hearing Summary | Committee Report: PDF 03/19/2024 | Senate Finance (3) Activity Vote Documents This is conceptual amendment to amend Amendment L.001 to insert "THOUSAND" after "HUNDRED" on Line 6. The motion passed without objection. Vote summary Adopt amendment L.001 as amended (Attachment A). The motion passed without objection. Vote summary Refer Senate Bill 24-152, as amended, to the Committee on Appropriations. The motion passed on a vote of 4-2. Vote summary Hearing Summary | Committee Report: PDF 03/07/2024 | Senate Agriculture & Natural Resources (1) Activity Vote Documents Refer Senate Bill 24-152 to the Committee on Finance. The motion passed on a vote of 7-0. Vote summary Hearing Summary | Committee Report: PDF Senate Votes (1) Date Calendar Motion Vote Vote Document 04/17/2024 Third Reading BILL 29 AYE 2 NO 4 OTHER Vote record Amendments (4) Date Amendment Number Committee/ Floor Hearing Status Documents 04/29/2024 L.005 HOU Finance Passed [*] PDF 04/22/2024 L.004 HOU Agriculture, Water & Natural Resources Passed [*] PDF 04/16/2024 L.003 SEN Appropriations Passed [*] PDF 03/19/2024 L.001 SEN Finance Passed [*] PDF * Amendments passed in committee are not incorporated into the measure unless adopted by the full House or Senate. ** The status of Second Reading amendments may be subsequently affected by the adoption of an amendment to the Committee of the Whole Report. Refer to the House or Senate Journal for additional information. Bill history (10) Date Location Action 05/14/2024 House House Committee on Appropriations Lay Over Unamended - Amendment(s) Failed 04/29/2024 House House Committee on Finance Refer Amended to Appropriations 04/22/2024 House House Committee on Agriculture, Water & Natural Resources Refer Amended to Finance 04/17/2024 House Introduced In House - Assigned to Agriculture, Water & Natural Resources 04/17/2024 Senate Senate Third Reading Passed - No Amendments 04/16/2024 Senate Senate Second Reading Special Order - Passed with Amendments - Committee 04/16/2024 Senate Senate Committee on Appropriations Refer Amended - Consent Calendar to Senate Committee of the Whole 03/19/2024 Senate Senate Committee on Finance Refer Amended to Appropriations 03/07/2024 Senate Senate Committee on Agriculture & Natural Resources Refer Unamended to Finance 02/07/2024 Senate Introduced In Senate - Assigned to Agriculture & Natural Resources Sponsors Prime Sponsor Sen. D. Roberts | Sen. C. Simpson Rep. K. McCormick Sponsor (None) Co-Sponsor Sen. J. Bridges | Sen. L. Cutter | Sen. S. Fenberg | Sen. J. Gonzales | Sen. B. Kirkmeyer | Sen. J. Marchman | Sen. R. Pelton | Sen. K. Priola | Sen. F. Winter Quick Links Find My Legislator Find a Bill How a Bill Becomes a Law Back to top Resources & Information Resources & Information Accessibility Capitol Security Protocol Colorado Open Records Act Maximum Hourly Research and Retrieval Fee Legislative Resources and Requirements Salaries for Legislators, Statewide Elected Officials, and County Officers State Home Transparency Online Project Policies Policies Language Interpretation Services Policy Remote Testimony and Remote Participation Policies Open Records Requests & Policy Privacy Policy Public Wifi Workplace Expectations Workplace Harassment Policy For Legislators & Staff For Legislators & Staff Ethics Tutorial Social Calendar House and Senate Rules Policy on Member Requests for CSP Protection IT Login Colorado General Assembly 200 E Colfax Avenue Denver, CO 80203 Contact Us Privacy Policy