diff --git a/.github/workflows/ci_dbt_core_testing.yml b/.github/workflows/ci_dbt_core_testing.yml
index f775975e..c5e04350 100644
--- a/.github/workflows/ci_dbt_core_testing.yml
+++ b/.github/workflows/ci_dbt_core_testing.yml
@@ -203,7 +203,7 @@ jobs:
     strategy:
       fail-fast: false
       matrix:
-        python-version: ["3.8", "3.9", "3.10", "3.11"]
+        python-version: ["3.8", "3.9", "3.10", "3.11", "3.12"]
         os: [ubuntu-20.04]
         split-group: ${{ fromJson(needs.dbt-core-integration-metadata.outputs.split-groups) }}
         include: ${{ fromJson(needs.dbt-core-integration-metadata.outputs.include) }}
diff --git a/.github/workflows/ci_tests.yml b/.github/workflows/ci_tests.yml
index 30c9d0df..b8e6d4f6 100644
--- a/.github/workflows/ci_tests.yml
+++ b/.github/workflows/ci_tests.yml
@@ -42,7 +42,7 @@ jobs:
     strategy:
       fail-fast: false
       matrix:
-        python-version: ["3.8", "3.9", "3.10", "3.11"]
+        python-version: ["3.8", "3.9", "3.10", "3.11", "3.12"]
 
     steps:
       - name: "Check out the repository"
diff --git a/dbt_common/__about__.py b/dbt_common/__about__.py
index b1aeeac4..affc65fe 100644
--- a/dbt_common/__about__.py
+++ b/dbt_common/__about__.py
@@ -1 +1 @@
-version = "0.1.6"
+version = "1.0.0b1"
diff --git a/pyproject.toml b/pyproject.toml
index 4883a15b..2fe9be8f 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -23,6 +23,7 @@ classifiers = [
   "Programming Language :: Python :: 3.9",
   "Programming Language :: Python :: 3.10",
   "Programming Language :: Python :: 3.11",
+  "Programming Language :: Python :: 3.12",
   "Programming Language :: Python :: Implementation :: CPython",
   "Programming Language :: Python :: Implementation :: PyPy",
 ]