Tracking what's destroying Colorado
A curated collection of bills, news, and resources about Colorado politics and policy
A curated collection of bills, news, and resources about Colorado politics and policy
Enacted during the August 2025 special session, HB 25B-1003 repeals the longstanding 1% reduced insurance premium tax rate for companies maintaining a home office or regional home office in Colorado, bumping them up to the standard 2% rate starting January 1, 2026, while fully eliminating the incentive by December 31, 2026. This 66-year-old tax break was designed to lure insurers to base operations and jobs in the state, but Democrats axed it anyway to grab an extra $44 million annually—framed as "streamlining" statutes and closing a "loophole"—despite audits showing some companies already cut jobs while claiming the credit. The revenue patches the federal tax conformity budget hole, but the move directly hikes costs for insurers, who will inevitably pass the tab onto policyholders through even higher auto, home, and health premiums in a state where rates have already skyrocketed over 40% in the last decade
This is peak Democrat hypocrisy—screaming about "corporate greed" while mugging the insurance industry for $44 million to fund their spending spree, all without a single voter vote because admitting it's a tax hike would violate TABOR. They killed a 66-year-old job-creation incentive that brought home offices and thousands of high-paying jobs to Colorado, just because a few fat-cat CEOs exist and rates are high anyway—news flash: your premiums are about to go even higher, genius! Polis and his cronies rammed this through in a partisan blitz, ignoring business pleas that it's a bait-and-switch betrayal after companies invested billions here expecting stability. This isn't "fairness"—it's punishing companies for creating jobs while virtue-signaling about affordability, then forcing families to pay more for car and home insurance to bail out Denver's budget mess caused by federal cuts they love to blame on Republicans. Absolute anti-business garbage from a governor who pretends to be moderate but signs every tax-grab the left hands him. If you're an insurer or policyholder in Colorado, bend over—the state just made your wallet their ATM again.