Bill > HB1036

This bill proposes to repeal several unused or infrequently used tax expenditures in Colorado in order to improve administrative efficiency, reduce complexity in the tax code, and remove ineffective tax provisions. The key provisions include repealing deductions and credits related to catastrophic health insurance, disaster relief workers, medical savings accounts, child care facility investments, school-to-career expenses, the Colorado Works program, motor vehicle registration numbers, low-emitting vehicles, biotechnology sales, rural broadband equipment, first-time home buyer savings accounts, aircraft gasoline, and cigarette and tobacco excise taxes. The bill also includes provisions to adjust the timing and parameters of certain other tax credits and deductions, such as those related to wildfire mitigation and health care preceptors. Overall, the bill aims to streamline the state's tax code and remove provisions that provide little value to Colorado.

Budget and Finance

https://leg.colorado.gov/bills/hb24-1036