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HB19-1013

Child Care Expenses Tax Credit Low-income Families

Concerning the extension of the income tax credit for child care expenses paid by a resident individual with a federal adjusted gross income of twenty-five thousand dollars or less.
Session:
2019 Regular Session
Subject:
Fiscal Policy & Taxes
Bill Summary

For income tax years prior to January 1, 2021, a resident individual who has a federal adjusted gross income of $25,000 or less may claim a refundable state income tax credit for child care expenses for the care of a dependent who is less than 13 years old. The tax credit is equal to 25% of eligible child care expenses that the individual incurred during the taxable year, up to a maximum amount of $500 for a single dependent or $1,000 for 2 or more dependents. The bill makes the tax credit permanent.
(Note: This summary applies to this bill as introduced.)

Status

Introduced
Under Consideration

Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Rep. T. Exum
Sen. B. Pettersen

Sponsor

Rep. J. Coleman
Sen. R. Fields

Co-sponsor