Colorado 2025 Regular Session Status: Enacted Bipartisan · 24 D · 8 R cosponsors

SB 25-040 — Future of Severance Taxes & Water Funding Task Force

Last action — Governor Signed

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced January 08, 2025. Enacted.

Signed by Governor Jared Polis (Democratic) on May 15, 2025.

Odds of enactment

High chance

Based on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.

Upgrade to see the exact probability and what's driving it.

A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Likely to advance 98% · high confidence

  • Enacted

    Current position in the legislative process.

  • 34 sponsors

    4 primary, 30 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (24 D · 8 R) — cross-party backing.

  • Cleared a recorded vote

    Passed 4 recorded votes so far.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

The act creates the future of severance taxes and water funding task force (task force). The department of natural resources is required to contract with a third party to conduct a study on severance taxes and water funding and develop recommendations for ways to continue funding water needs and energy impact grants in the face of decreasing severance tax revenue (study). The study must focus on identifying ways to alleviate the need to transfer revenues derived from severance taxes to the general fund and to replace severance tax revenue that was previously transferred to the general fund. The purpose of the task force is to work with the third party to conduct the study and develop recommendations. No later than January 15, 2026, the third party must submit a draft report, detailing the results of the study and any recommendations, to the department of natural resources and the task force for review. The task force is required to provide input on the draft report. No later than July 15, 2026, the third party must submit a final report, which incorporates the input of the task force, to the water resources and agriculture review committee (committee). The task force must present the final report to the committee during the 2026 legislative interim. The act changes the manner in which a credit allowed against severance tax in taxable years commencing January 1, 2026, but prior to January 1, 2028, is calculated. For the 2025-26 state fiscal year, $198,592 is appropriated from the severance tax operational fund to the department of natural resources to implement the act. (Note: This summary applies to this bill as enacted.)

Bill Text

What changed in the latest version

23 added · 18 removed

Plain-language change summary

The latest version of Bill SB 25-040 includes an appropriation, which means that funding is now allocated to support the proposed study on severance taxes and water funding. This change is important because it specifies that the Department of Natural Resources will hire a third party to carry out the study, potentially enhancing transparency and expertise in assessing these critical issues. Overall, these adjustments will help ensure that the study is properly funded and conducted effectively.

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Latest
First Regular Session Seventy-fifth General Assembly STATE OF COLORADO ENGROSSED This Version Includes All Amendments Adopted on Second Reading in the House of Introduction LLS NO.
First Regular Session Seventy-fifth General Assembly STATE OF COLORADO REENGROSSED This Version Includes All Amendments Adopted in the House of Introduction LLS NO.
25-0165.01 Clare Haffner x6137 SENATE BILL 25-040 SENATE SPONSORSHIP Roberts and Simpson, Bridges, Marchman, Pelton B.
25-0165.01 Clare Haffner x6137 SENATE BILL 25-040 SENATE SPONSORSHIP Roberts and Simpson, Bridges, Marchman, Pelton B., Amabile, Pelton R.
HOUSE SPONSORSHIP McCormick and Martinez, Senate Committees House Committees Agriculture & Natural Resources Appropriations A BILL FOR AN ACT C ONCERNING THE CREATION OF THE FUTURE OF SEVERANCE TAXES AND WATER FUNDING TASK FORCE , AND , IN CONNECTION THEREWITH ,MAKING AN APPROPRIATION .
HOUSE SPONSORSHIP McCormick and Martinez, Senate Committees House Committees Agriculture & Natural Resources Appropriations A BILL FOR AN ACT C ONCERNING THE CREATION OF THE FUTURE OF SEVERANCE TAXES AND WATER FUNDING TASK FORCE , AND , IN CONNECTION THEREWITH , MAKING AN APPROPRIATION .
Bill Summary (Note:
Bill Summary e (Note:
This summary applies to this bill as introduced and does notreflectanyamendmentsthatmaybesubsequentlyadopted.Ifthisbill passes third reading in the house of introduction, a bill summary that applies to the reengrossed version of this bill will be available at http://leg.colorado.gov/.) WaterResourcesandAgricultureReviewCommittee.Thebill creates the future of severance taxes and water funding task force (task force).
This summary applies to this bill as introduced and does n notreflectanyamendmentsthatmaybesubsequentlyadopted.Ifthisbill m 2 T n 2 passes third reading in the house of introduction, a bill summary that A U 5 applies to the reengrossed version of this bill will be available at E i i S a p http://leg.colorado.gov/.) R A r WaterResourcesandAgricultureReviewCommittee.Thebill 3 creates the future of severance taxes and water funding task force (task force).
g The department of natural resources is required to contract with a d e 2 third party to conduct a study on severance taxes and water funding and T R 2 A n 4 Shading denotes HOUSE amendment.
g i The department of natural resources is required to contract with a a 5 third party to conduct a study on severance taxes and water funding and E R 0 A n , N 2 1 Shading denotes HOUSE amendment.
E d i Capital letters or bold & italic numbers indicate new material to be added to existing law.
S e r Capital letters or bold & italic numbers indicate new material to be added to existing law.n Ap Dashes through the words or numbers indicate deletions from existing law.
Dashes through the words or numbers indicate deletions from existing law.
e A develop recommendations for ways to continue funding water needs in the face of decreasing severance tax revenue (study).
e A A develop recommendations for ways to continue funding water needs in the face of decreasing severance tax revenue (study).
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Amendments

1 amendment

Click Show changes on an amendment above to see how it modifies the bill.

Action History

  1. Governor Signed

  2. Signed by the President of the Senate

  3. Sent to the Governor

  4. Signed by the Speaker of the House

  5. Senate Considered House Amendments - Result was to Concur - Repass

  6. House Third Reading Passed - No Amendments

  7. House Committee on Appropriations Refer Unamended to House Committee of the Whole

  8. House Second Reading Special Order - Passed with Amendments - Floor

  9. House Committee on Agriculture, Water & Natural Resources Refer Unamended to Appropriations

  10. Senate Third Reading Passed - No Amendments

  11. Introduced In House - Assigned to Agriculture, Water & Natural Resources

  12. Senate Second Reading Special Order - Passed with Amendments - Committee, Floor

  13. Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole

  14. Senate Committee on Agriculture & Natural Resources Refer Amended to Appropriations

  15. Introduced In Senate - Assigned to Agriculture & Natural Resources

Sponsors

Sponsorship breakdown

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4 sponsors · 30 co-sponsors · 67 not signed on · 7 voted No

Sponsors (4)

Co-sponsors (30)

Not signed on (67)

67 members have not signed on to this bill.

Show all 67 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

CONCUR

Passed 35 Yea · 0 Nay
Party YeaNayPresentNot Voting
Democrat 21000
Republican 11000
Unaffiliated 3000
Total 35000
% of votes cast 100%0%0%0%
How each member voted (35)
Member Party Vote
Lundeen — Yea
President — Yea
Winter F. — Yea
Cathy Kipp Democrat Yea
Chris Kolker Democrat Yea
Dafna Michaelson Jenet Democrat Yea
Dylan Roberts Democrat Yea
Iman Jodeh Democrat Yea
Janice Marchman Democrat Yea
Jeff Bridges Democrat Yea
Jessie Danielson Democrat Yea
Judy Amabile Democrat Yea
Julie Gonzales Democrat Yea
Katie Wallace Democrat Yea
Kyle Mullica Democrat Yea
Lindsey Daugherty Democrat Yea
Lisa Cutter Democrat Yea
Marc Snyder Democrat Yea
Matt Ball Democrat Yea
Mike Weissman Democrat Yea
Nick Hinrichsen Democrat Yea
Robert Rodriguez Democrat Yea
Tom Sullivan Democrat Yea
Tony Exum Democrat Yea
Barbara Kirkmeyer Republican Yea
Byron Pelton Republican Yea
Cleave Simpson Republican Yea
Janice Rich Republican Yea
John Carson Republican Yea
Larry Liston Republican Yea
Lisa Frizell Republican Yea
Marc Catlin Republican Yea
Mark Baisley Republican Yea
Rod Pelton Republican Yea
Scott Bright Republican Yea

Official roll call →

REPASS

Passed 35 Yea · 0 Nay
Party YeaNayPresentNot Voting
Democrat 21000
Republican 11000
Unaffiliated 3000
Total 35000
% of votes cast 100%0%0%0%
How each member voted (35)
Member Party Vote
Lundeen — Yea
President — Yea
Winter F. — Yea
Cathy Kipp Democrat Yea
Chris Kolker Democrat Yea
Dafna Michaelson Jenet Democrat Yea
Dylan Roberts Democrat Yea
Iman Jodeh Democrat Yea
Janice Marchman Democrat Yea
Jeff Bridges Democrat Yea
Jessie Danielson Democrat Yea
Judy Amabile Democrat Yea
Julie Gonzales Democrat Yea
Katie Wallace Democrat Yea
Kyle Mullica Democrat Yea
Lindsey Daugherty Democrat Yea
Lisa Cutter Democrat Yea
Marc Snyder Democrat Yea
Matt Ball Democrat Yea
Mike Weissman Democrat Yea
Nick Hinrichsen Democrat Yea
Robert Rodriguez Democrat Yea
Tom Sullivan Democrat Yea
Tony Exum Democrat Yea
Barbara Kirkmeyer Republican Yea
Byron Pelton Republican Yea
Cleave Simpson Republican Yea
Janice Rich Republican Yea
John Carson Republican Yea
Larry Liston Republican Yea
Lisa Frizell Republican Yea
Marc Catlin Republican Yea
Mark Baisley Republican Yea
Rod Pelton Republican Yea
Scott Bright Republican Yea

Official roll call →

BILL

Passed 57 Yea · 7 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 4000
Democrat 41001
Republican 12700
Total 57701
% of votes cast 88%11%0%2%
How each member voted (65)
Member Party Vote
Armagost — Yea
Bird — Yea
Pugliese — Yea
Garcia Sander — Yea
Alex Valdez Democrat Yea
Amy Paschal Democrat Yea
Andrew Boesenecker Democrat Yea
Bob Marshall Democrat Yea
Brianna Titone Democrat Yea
Cecelia Espenoza Democrat Yea
Chad Clifford Democrat Yea
Eliza Hamrick Democrat Yea
Elizabeth Velasco Democrat Yea
Emily Sirota Democrat Yea
Gretchen Rydin Democrat Yea
Jacque Phillips Democrat Yea
Jamie Jackson Democrat Yea
Javier Mabrey Democrat Yea
Jennifer Bacon Democrat Yea
Jenny Willford Democrat Yea
Julie McCluskie Democrat Yea
Junie Joseph Democrat Yea
Karen McCormick Democrat Yea
Katie Stewart Democrat Yea
Kyle Brown Democrat Yea
Lesley Smith Democrat Yea
Lindsay Gilchrist Democrat Yea
Lisa Feret Democrat Yea
Lorena Garcia Democrat Yea
Mandy Lindsay Democrat Yea
Manny Rutinel Democrat Yea
Matthew Martinez Democrat Yea
Meg Froelich Democrat Yea
Meghan Lukens Democrat Yea
Michael Carter Democrat Yea
Monica Duran Democrat Yea
Naquetta Ricks Democrat Yea
Rebekah Stewart Democrat Yea
Regina English Democrat Not Voting
Sean Camacho Democrat Yea
Sheila Lieder Democrat Yea
Steven Woodrow Democrat Yea
Tammy Story Democrat Yea
Tisha Mauro Democrat Yea
William Lindstedt Democrat Yea
Yara Zokaie Democrat Yea
Anthony Hartsook Republican Yea
Brandi Bradley Republican Nay
Carlos Barron Republican Yea
Chris Richardson Republican Yea
Dan Woog Republican Nay
Dusty Johnson Republican Yea
Jarvis Caldwell Republican Yea
Ken DeGraaf Republican Nay
Larry Don Suckla Republican Yea
Mary Bradfield Republican Yea
Matt Soper Republican Yea
Max Brooks Republican Nay
Rebecca Keltie Republican Yea
Rick Taggart Republican Yea
Ron Weinberg Republican Nay
Ryan Gonzalez Republican Yea
Scott Bottoms Republican Nay
Stephanie Luck Republican Nay
Ty Winter Republican Yea

Official roll call →

BILL

Passed 34 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Democrat 21000
Republican 10001
Unaffiliated 3000
Total 34001
% of votes cast 97%0%0%3%
How each member voted (35)
Member Party Vote
Lundeen — Yea
President — Yea
Winter F. — Yea
Cathy Kipp Democrat Yea
Chris Kolker Democrat Yea
Dafna Michaelson Jenet Democrat Yea
Dylan Roberts Democrat Yea
Iman Jodeh Democrat Yea
Janice Marchman Democrat Yea
Jeff Bridges Democrat Yea
Jessie Danielson Democrat Yea
Judy Amabile Democrat Yea
Julie Gonzales Democrat Yea
Katie Wallace Democrat Yea
Kyle Mullica Democrat Yea
Lindsey Daugherty Democrat Yea
Lisa Cutter Democrat Yea
Marc Snyder Democrat Yea
Matt Ball Democrat Yea
Mike Weissman Democrat Yea
Nick Hinrichsen Democrat Yea
Robert Rodriguez Democrat Yea
Tom Sullivan Democrat Yea
Tony Exum Democrat Yea
Barbara Kirkmeyer Republican Yea
Byron Pelton Republican Yea
Cleave Simpson Republican Yea
Janice Rich Republican Yea
John Carson Republican Yea
Larry Liston Republican Yea
Lisa Frizell Republican Yea
Marc Catlin Republican Not Voting
Mark Baisley Republican Yea
Rod Pelton Republican Yea
Scott Bright Republican Yea

Official roll call →

Subjects

taxation environment agriculture energy
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 25-040 do?
The act creates the future of severance taxes and water funding task force (task force). The department of natural resources is required to contract with a third party to conduct a study on severance taxes and water funding and develop recommendations for ways to continue funding water needs and energy impact grants in the face of decreasing severance tax revenue (study). The study must focus on identifying ways to alleviate the need to transfer revenues derived from severance taxes to the general fund and to replace severance tax revenue that was previously transferred to the general fund. The purpose of the task force is to work with the third party to conduct the study and develop recommendations. No later than January 15, 2026, the third party must submit a draft report, detailing the results of the study and any recommendations, to the department of natural resources and the task force for review. The task force is required to provide input on the draft report. No later than July 15, 2026, the third party must submit a final report, which incorporates the input of the task force, to the water resources and agriculture review committee (committee). The task force must present the final report to the committee during the 2026 legislative interim. The act changes the manner in which a credit allowed against severance tax in taxable years commencing January 1, 2026, but prior to January 1, 2028, is calculated. For the 2025-26 state fiscal year, $198,592 is appropriated from the severance tax operational fund to the department of natural resources to implement the act. (Note: This summary applies to this bill as enacted.)
Who sponsors SB 25-040?
SB 25-040 is sponsored by Ty Winter (Republican), Elizabeth Velasco (Democrat), Brianna Titone (Democrat), Larry Don Suckla (Republican), Tammy Story (Democrat), Katie Stewart (Democrat), Lesley Smith (Democrat), Naquetta Ricks (Democrat), R. Pugliese, Julie McCluskie (Democrat), Tisha Mauro (Democrat), Meghan Lukens (Democrat), Mandy Lindsay (Democrat), Sheila Lieder (Democrat), Junie Joseph (Democrat), Dusty Johnson (Republican), Jamie Jackson (Democrat), Monica Duran (Democrat), Chad Clifford (Democrat), Jarvis Caldwell (Republican), Kyle Brown (Democrat), Andrew Boesenecker (Democrat), S. Bird, Jennifer Bacon (Democrat), Rod Pelton (Republican), Marc Catlin (Republican), Judy Amabile (Democrat), Byron Pelton (Republican), Janice Marchman (Democrat), Jeff Bridges (Democrat), Matthew Martinez (Democrat), Karen McCormick (Democrat), Cleave Simpson (Republican), and Dylan Roberts (Democrat).
What is the current status of SB 25-040?
This bill has been enacted into law. Introduced January 08, 2025. Enacted.
Where can I track SB 25-040?
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