Skip to main content
Colorado General AssemblyToggle Main Menu
Agency NameToggle Agency Menu
HB18-1217

Income Tax Credit For Employer 529 Contributions

Concerning a temporary income tax credit for employers that make contributions to 529 qualified state tuition program accounts owned by their employees, and, in connection therewith, enacting the "Working Families College Savings Act".
Session:
2018 Regular Session
Subject:
Fiscal Policy & Taxes
Bill Summary

Income tax - credit for employer contributions to 529 qualified state tuition programs of employees. The act creates an income tax credit for income tax years commencing on or after January 1, 2019, but prior to January 1, 2022, for employers that make contributions to 529 qualified state tuition program accounts owned by their employees in an amount equal to 20% of the contribution, not to exceed $500.
(Note: This summary applies to this bill as enacted.)

Status

Introduced
Passed
Became Law

Menu

Bill Text

COVID-19 Resources

Temporary Guidelines for Review and Comment Meetings

The House will meet in limited session on Thursday, April 2nd. The Senate adjourned. The Capitol will be open for the duration of the session for those with essential business related to the session. The building will not be available for public tours. People without essential business are encouraged to access the session through the General Assembly website and Colorado Channel.  Anybody with essential business related to the session will be required to practice appropriate social distancing measures.