Skip to main content
Colorado General AssemblyToggle Main Menu
Agency NameToggle Agency Menu
HB23-1128

Income Tax Credits And Deductions Married Taxpayers

Concerning certain income tax credits and deductions for married taxpayers.
Session:
2023 Regular Session
Subject:
Fiscal Policy & Taxes
Bill Summary

Section 1 makes legislative findings and declarations concerning the treatment of taxpayers filing individually versus those filing jointly and clarifies that the intent of the bill is to eliminate barriers to certain tax credits and deductions for married individuals. Section 2 increases the maximum amount of the wildfire mitigation measures tax deduction from $2,500 to $5,000 for married taxpayers who file a joint income tax return. Section 3 increases the qualifying maximum gross adjusted income threshold for the child care expense tax credit from $60,000 to $120,000 for married taxpayers who file a joint income tax return. Section 4 raises the qualifying maximum income threshold for the low-income child care expense tax credit from $25,000 to $50,000 for married taxpayers who file a joint income tax return.
(Note: This summary applies to this bill as introduced.)

Status

Introduced
Lost

Menu

Bill Text

The 2024 Statewide Ballot Information Booklet is now online