Colorado · 2025 Regular Session · Bill
SB 25-242: Division Unemployment Insurance Funding Mechanism
Enacted Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
SB 25-242 is a bill introduced in the Colorado Senate on March 31, 2025. According to its official title, it concerns: Division Unemployment Insurance Funding Mechanism. Primary sponsor: Rick Taggart (Republican), Emily Sirota (Democratic), Jeff Bridges (Democratic), Judy Amabile (Democratic). It lists 3 additional sponsors. Most recent recorded action (April 28, 2025): Governor Signed.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
The act updates the funding mechanism for the division of unemployment insurance (division) by changing the name of the "employment and training technology fund" to the "unemployment insurance program support fund" and expanding the use of the fund to include the information technology and administrative costs of the division. Colorado law specifies how the division must disburse money collected from the employer support surcharge. The act modifies the disbursement of this surcharge to: 11% for the employment support fund (decreased from 35%); 54% for the unemployment insurance program support fund (increased from 32%); 20% for the workforce development fund (increased from 14%); and 15% for the benefit recovery fund (decreased from 19%). The act requires all money collected in each fund that is in excess of the maximum balance amounts authorized for the fund to be credited to the unemployment compensation fund. The act ties the adjustments of the fund caps to the change in average weekly earnings instead of to the consumer price index. The act also adjusts the cap for the unemployment insurance program support fund. (Note: This summary applies to this bill as enacted.)
Sponsors
Sponsors by party (alphabetical): Democratic 4 · Republican 2
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Rick Taggart | Primary sponsor | Republican | House | 55 |
| Emily Sirota | Primary sponsor | Democratic | House | 9 |
| Jeff Bridges | Primary sponsor | Democratic | Senate | 26 |
| Judy Amabile | Primary sponsor | Democratic | Senate | 18 |
| S. Bird | Co-sponsor | Not applicable (committee) | — | — |
| Barbara Kirkmeyer | Co-sponsor | Republican | Senate | 23 |
| Steven Woodrow | Co-sponsor | Democratic | House | 2 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Governor Signed
- Sent to the Governor
- Signed by the President of the Senate
- Signed by the Speaker of the House
- House Third Reading Passed - No Amendments
- House Second Reading Special Order - Passed - No Amendments
- House Committee on Appropriations Refer Unamended to House Committee of the Whole
- Senate Third Reading Passed - No Amendments
- Introduced In House - Assigned to Appropriations
- Senate Second Reading Special Order - Passed - No Amendments
- Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole
- Introduced In Senate - Assigned to Appropriations