31002E6119CC8383872589950001EAFA Hearing Summary

The committee took a brief recess.

The committee returned to order. Representatives Ricks and Young, co-prime sponsors, presented Senate Bill 23-196. The bill extends a state income tax credit for qualified costs incurred while retrofitting a residence for the purpose of improving accessibility, increasing visitability, or allowing qualified individuals to age in place. The credit is extended for five years, resulting in reductions in General Fund revenue that may be phased in over 13 years.

The bill sponsors responded to questions from the committee.

Ms. Ann Watts, representing the Colorado Department of Local Affairs Division of Housing, testified in support of the bill. She responded to questions from the committee.