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SB26-133 · Bill · 2026 Regular Session · Colorado

Colorado Artist Companies

Concerning the authorization to establish an artist company in the state, and, in connection therewith, enacting the "Colorado Artist Company act", and making an appropriation.

Official status: Became Law

4 proposed amendments

Prime sponsors

Progress (from the official record)

Official summary

Official text — shown in English exactly as published by the official source. The official text controls.

The act creates the 'Colorado Artist Company Act', which authorizes a person in the state to create a limited liability company with a stated artistic mission (artist company), which artist company is subject to state law applicable to limited liability companies except where specified in the act. An artist company must state its artistic mission in its articles of organization or operating agreement and be formed and owned by one or more individuals that create works of authorship or artistic expression comprising written, oral, visual, graphic, literary, musical, audiovisual, digital, or performing art in any medium (artists). Artists must own not less than 51% of all voting securities of the artist company at all times (required ownership percentage). A limited liability company that meets the required ownership percentage may elect to become an artist company by amending its articles of organization or its operating agreement to state its artistic mission and by complying with certain other requirements. A person may form an artist company by filing with the Colorado secretary of state articles of organization. The articles of organization may specify certain ownership, governance, artistic work distribution, tax treatment, and dissolution structures. An artist company may accept capital in any form and its members and managers have certain duties specified in the artist company's articles of organization or operating agreement along with the duties imposed by state law applicable to limited liability companies. Members of an artist company may assign or exclusively license intellectual property to an artist company as an in-kind capital contribution. An artist company's articles of organization or operating agreement may require artist-members to assign or exclusively license to the artist company artistic work created during membership that relates to the artistic mission of the artist company. An artist company's articles of organization or operating agreement may provide for certain procedures and terms regarding the admission and departure of members. An artist company may elect at formation, or at the time of election to become an artist company, to be a public benefit artist company (public benefit artist company) by stating in its articles of organization or operating agreement, if any, that it is a public benefit artist company and setting forth in its articles of organization or operating agreement, if any, one or more specific public benefits to be promoted by the artist company. The members and managers of a public benefit artist company are subject to certain additional duties. A public benefit artist company must provide its members and donors with an annual statement specifying certain information as to the public benefits and artistic mission of the public benefit artist company. Upon the dissolution of an artist company or public benefit artist company, artistic work assigned or licensed by artist-members to the artist company or created by artist-members of the artist company reverts to the artist-member, except as specified in the articles of organization or operating agreement and subject to certain security interests, licenses, and obligations. After giving effect to artistic work reversionary rights, the assets of the artist company must be distributed in accordance with the articles of organization or operating agreement or, if not specified in the articles of organization or operating agreement, pro rata to members based on ownership percentages. $93,878 is appropriated from the department of state cash fund to the department of state. To implement this act, the department of state may use the appropriation as follows: $5,478 for use by the business and licensing division for personal services; and $88,400 for use by the information technology division for personal services. (Note: This summary applies to this bill as enacted.)

Status timeline

Every recorded action on SB26-133, oldest first
DateLocationAction
03/04/2026SenateIntroduced In Senate - Assigned to Business, Labor, & Technology
04/09/2026SenateSenate Committee on Business, Labor, & Technology Refer Unamended to Appropriations
04/21/2026SenateSenate Committee on Appropriations Refer Amended - Consent Calendar to Senate Committee of the Whole
04/21/2026SenateSenate Second Reading Special Order - Passed with Amendments - Committee
04/21/2026SenateSenate Second Reading Special Order - Passed with Amendments - No Amendments
04/22/2026SenateSenate Third Reading Passed - No Amendments
04/22/2026HouseIntroduced In House - Assigned to Business Affairs & Labor
05/06/2026HouseHouse Committee on Business Affairs & Labor Refer Amended to Appropriations
05/08/2026HouseHouse Committee on Appropriations Refer Unamended to House Committee of the Whole
04/21/2026SenateSenate Second Reading Special Order - Passed - No Amendments
05/08/2026HouseHouse Second Reading Special Order - Passed with Amendments - Committee
05/09/2026HouseHouse Third Reading Laid Over Daily - No Amendments
05/11/2026HouseHouse Third Reading Passed - No Amendments
05/13/2026SenateSenate Considered House Amendments - Result was to Concur - Repass
05/21/2026SenateSigned by the President of the Senate
05/21/2026HouseSigned by the Speaker of the House
05/21/2026GovernorSent to the Governor
06/02/2026GovernorGovernor Signed

Recorded votes

Proposed amendments (4 proposed amendments)

Amendments proposed to SB26-133, oldest first
AmendmentCommittee / floor hearingOfferedDispositionOfficial document
L.003Committee amendment — Appropriations (Senate)04/21/2026PassedView official document
J.002Committee amendment — Appropriations (Senate)04/21/2026PassedView official document
L.004Committee amendment — Business Affairs & Labor (House)05/06/2026PassedView official document
L.005Committee amendment — Business Affairs & Labor (House)05/06/2026PassedView official document

Source: Colorado General Assembly (leg.colorado.gov) · Data as of

Full text

Official record

View SB26-133 on leg.colorado.gov

Source: Colorado General Assembly (leg.colorado.gov) · Data as of

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