Summary
Two-tier tax credit for film festival entities operating in Colorado, established by HB25-1005. Tier 1 (Global Film Festival Entities): $34M aggregate over 10 years — $4M/yr 2027-2028, $5M for 2029, $3M/yr 2030-2036. Tier 2 (Existing or Small Colorado Film Festival Entities): up to $500,000 per year via competitive review. Qualifying costs limited to those paid by film festival entities in connection with a film festival taking place in Colorado. Festival entities apply each tax year. OEDIT Business Funding & Incentives (BF&I) division administers + issues credits.
Benefit
- Percentage
- —
- Flat
- —
- Duration
- —
- Max annual
- $5,000,000 (taxpayer)
- Max total
- — (taxpayer)
- Carryforward
- —
Program metadata
- Distribution
- allocated
- Claimant subject
- business
- Refund/transfer election
- none
- Program family
- —
- Effective
- —
- Sunset
- 2036-12-31
- Application deadline
- —
- Transfer discount
- —
Hard requirements (1)
- local_approval_requiredOEDIT BF&I division must reserve the credit. Tier 2 is competitive review.
Preference / tiering rules (0)
None.
NAICS industries (0)
Any.
Geo zones (1)
- statewide — · Colorado Statewide (festival in Colorado)
Tags (0)
None.
Source
HB25-1005
Last verified: 2026-04-30
CO-statewide. Festival-entity claimant. Tax-year 2027 applications open late summer 2026. Program page returned 403 from this fetch path — details synthesized from HB25-1005 + WebSearch metadata. benefit_max_annual=5M reflects the 2029 peak; tier-table in benefit_tiers below captures the two tiers + the year-by-year aggregate cap structure.