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CO HB1084

CO HB1084
Repeal & Reenact Earned Income Tax Credit Increase


summary

Introduced
01/10/2024
In Committee
01/18/2024
Crossed Over
01/26/2024
Passed
01/26/2024
Dead
Signed/Enacted/Adopted
01/31/2024

Introduced Session

2024 Regular Session

Bill Summary

CONCERNING THE REPEAL AND REENACTMENT OF THE LAW ENACTED BY HOUSE BILL 23B-1002 THAT INCREASED THE EARNED INCOME TAX CREDIT FOR 2023, AND, IN CONNECTION THEREWITH, MAKING AN APPROPRIATION.

AI Summary

This bill repeals and reenacts the law enacted by House Bill 23B-1002, which increased the Earned Income Tax Credit (EITC) for Colorado residents from 25% to 50% of the federal EITC for the 2023 tax year. The bill aims to address legal uncertainty and administrative challenges resulting from a lawsuit filed over the legislative process used to enact the original increase. The bill also makes an appropriation to the Department of Revenue to implement the changes to the EITC. The bill is deemed necessary for the immediate preservation of public peace, health, or safety, and for the support and maintenance of state departments and institutions.

Committee Categories

Budget and Finance

Sponsors (57)

Rhonda Fields (D)* Chris Kolker (D)* Jenny Willford (D)* Mary Young (D)* Judy Amabile (D),  Jennifer Bacon (D),  Shannon Bird (D),  Andrew Boesenecker (D),  Jeff Bridges (D),  Kyle Brown (D),  Janet Buckner (D),  James Coleman (D),  Lisa Cutter (D),  Jessie Danielson (D),  Lindsey Daugherty (D),  Monica Duran (D),  Tony Exum (D),  Steve Fenberg (D),  Meg Froelich (D),  Lorena García (D),  Julie Gonzales (D),  Eliza Hamrick (D),  Chris Hansen (D),  Tim Hernández (D),  Leslie Herod (D),  Sonya Jaquez Lewis (D),  Iman Jodeh (D),  Junie Joseph (D),  Chris Kennedy (D),  Cathy Kipp (D),  Sheila Lieder (D),  Mandy Lindsay (D),  William Lindstedt (D),  Meghan Lukens (D),  Javier Mabrey (D),  Janice Marchman (D),  Matt Martinez (D),  Tisha Mauro (D),  Karen McCormick (D),  Barbara McLachlan (D),  Dafna Michaelson Jenet (D),  Kyle Mullica (D),  David Ortiz (D),  Jennifer Parenti (D),  Kevin Priola (D),  Naquetta Ricks (D),  Robert Rodriguez (D),  Manny Rutinel (D),  Emily Sirota (D),  Marc Snyder (D),  Tammy Story (D),  Tom Sullivan (D),  Elizabeth Velasco (D),  Stephanie Vigil (D),  Michael Weissman (D),  Faith Winter (D),  Steven Woodrow (D), 

Last Action

Governor Signed (on 01/31/2024)

Bill Topics

Macroeconomics
  • ‐ National Budget and Debt
  • ‐ Taxation, Tax Policy, and Tax Reform
Social Welfare
  • ‐ Poverty and Assistance for Low-Income Families

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Document Type Source Location Created
State Bill Page https://leg.colorado.gov/bills/hb24-1084 01/11/2024
Fiscal Note FN2 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_hb1084_f1.pdf 08/01/2024
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1084_rer.pdf 02/02/2024
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1084_enr.pdf 02/02/2024
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1084_rev.pdf 02/02/2024
Second Reading Amendment L.006 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/2D512CF9B6E6770E87258AAD00674A03/HB1084_L.006.pdf 02/02/2024
Second Reading Amendment L.004 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/96323F17B89B26F987258AA900551092/HB1084_L.004.pdf 02/02/2024
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1084_rn2.pdf 01/17/2024
Third Reading Amendment L.001 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/3E4145B6794AD22187258AA70001181C/HB1084_L.001.pdf 01/17/2024
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1084_eng.pdf 01/12/2024
Fiscal Note/Analysis - Budget Staff Analysis SA1 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_hb1084_hse.pdf 01/11/2024
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1084_01.pdf 01/11/2024
Fiscal Note FN1 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_hb1084_00.pdf 01/11/2024
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