At-home Instruction Tax Credit

The concurrent resolution creates a state income tax credit for taxpayers who participate in the at-home instruction of a child that either receives at-home instruction through a homeschool program or is enrolled in a school district, a school operated by a board of cooperative services, a charter school, an institute charter school, a private school, or the Colorado school for the deaf and the blind and receives remote instruction from the school district, board of cooperative services, charter school, institute charter school, private school, or the Colorado school for the deaf and the blind.

The amount of the credit is either:

• $500 for each child who receives at-home instruction for more than 80 but less than 160 days during a tax year; or
• $1,000 for each child who receives at-home instruction for at least 160 days during a tax year.

The credit may be carried forward for 3 years but not refunded.

(Note: This summary applies to this concurrent resolution as introduced.)