Summary
Colorado state income tax credit equal to up to 75% of Qualified Expenditures incurred to use freight rail transportation along Union Pacific's Craig Branch Line through the Yampa Valley (Moffat, Rio Blanco, and Routt counties — coal transition communities). Eligible expenses include railroad fees, transloading costs, and capital costs associated with rail infrastructure. Program reserves up to $5 million in tax credits per year, starting in 2025 and ending before January 1, 2036. Approved businesses can use these tax credits for income tax years 2026 through 2038. Administered by OEDIT in consultation with the Office of Just Transition (OJT) and Colorado Department of Transportation (CDOT).
Benefit
- Percentage
- 75% of investment
- 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
- 2038-12-31
- Application deadline
- —
- Transfer discount
- —
Hard requirements (1)
- local_approval_requiredOEDIT must approve the project. Reservation + issuance steps required.
Preference / tiering rules (0)
None.
NAICS industries (0)
Any.
Geo zones (1)
- rural — · UP Craig Branch Line / Yampa Valley
Tags (0)
None.
Source
SB24-190; § 39-22-563, C.R.S.
Last verified: 2026-04-30
GEOGRAPHICALLY RESTRICTED to UP Craig Branch Line (Moffat / Rio Blanco / Routt counties). Coal-transition-community focus, intersects with CO-RJS Tier 1 just-transition list. Source page 403'd from this fetch; details synthesized from SB24-190 + WebSearch metadata + governor's press release. Refundability not stated explicitly in surfaced sources — set FALSE pending direct page confirmation.