Bill

Bill > HB1052


CO HB1052

CO HB1052
Senior Housing Income Tax Credit


summary

Introduced
01/10/2024
In Committee
05/04/2024
Crossed Over
05/23/2024
Passed
05/23/2024
Dead
Signed/Enacted/Adopted
06/06/2024

Introduced Session

2024 Regular Session

Bill Summary

CONCERNING THE REINSTATEMENT OF AN INCOME TAX CREDIT TO HELP INCOME-QUALIFIED SENIORS AFFORD HOUSING, AND, IN CONNECTION THEREWITH, MAKING AN APPROPRIATION.

AI Summary

This bill would reinstate an income tax credit to help income-qualified seniors afford housing. For the 2024 tax year, qualifying seniors with a federal adjusted gross income of $75,000 or less (or $125,000 or less for joint filers) would be eligible for a credit of up to $800, which would be gradually reduced as their income increases. The bill also requires the property tax administrator to provide reports to the Department of Revenue to help confirm taxpayer eligibility. Additionally, the bill makes an appropriation to the Department of Revenue and the Department of Personnel to implement the tax credit.

Committee Categories

Budget and Finance

Sponsors (58)

Chris Hansen (D)* Chris Kolker (D)* Bob Marshall (D)* Michael Weissman (D)* Jennifer Bacon (D),  Shannon Bird (D),  Jeff Bridges (D),  Kyle Brown (D),  Janet Buckner (D),  Marc Catlin (R),  Chad Clifford (D),  Lisa Cutter (D),  Jessie Danielson (D),  Lindsey Daugherty (D),  Monica Duran (D),  Regina English (D),  Elisabeth Epps (D),  Tony Exum (D),  Steve Fenberg (D),  Rhonda Fields (D),  Meg Froelich (D),  Lorena García (D),  Joann Ginal (D),  Julie Gonzales (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),  Julia Marvin (D),  Julie McCluskie (D),  Karen McCormick (D),  Barbara McLachlan (D),  Dafna Michaelson Jenet (D),  Kyle Mullica (D),  David Ortiz (D),  Kevin Priola (D),  Naquetta Ricks (D),  Manny Rutinel (D),  Emily Sirota (D),  Tammy Story (D),  Tom Sullivan (D),  Brianna Titone (D),  Alex Valdez (D),  Elizabeth Velasco (D),  Stephanie Vigil (D),  Jenny Willford (D),  Faith Winter (D),  Steven Woodrow (D),  Mary Young (D), 

Last Action

Governor Signed (on 06/06/2024)

bill text


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bill summary

Document Type Source Location
State Bill Page https://leg.colorado.gov/bills/hb24-1052
Fiscal Note FN4 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_hb1052_f1.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1052_enr.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1052_rer.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1052_rev.pdf
Fiscal Note/Analysis - Budget Staff Analysis SA2 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_hb1052_sen.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1052_ren.pdf
Second Reading Amendment L.009 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/12DADB5CD877A65387258B0A007B9B4B/HB1052_L.009.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1052_en2.pdf
House Appropriations Amendment J.001 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/501D3AA8002CE05087258B09006F0838/HB1052_J.001.pdf
House Appropriations Amendment L.007 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/610C8F8CEEAEFE7E87258B09005849F8/HB1052_L.007.pdf
Fiscal Note FN3 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_hb1052_r3.pdf
Fiscal Note/Analysis - Budget Staff Analysis SA1 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_hb1052_hse.pdf
Fiscal Note FN2 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_hb1052_r2.pdf
Fiscal Note MEMO1 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_hb1052_l_003.pdf
House Finance Amendment L.004 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/D58C0A2E0588236387258ABE0054DB95/HB1052_L.004.pdf
House Finance Amendment L.003 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/4045708214F35DFF87258ABE0054B640/HB1052_L.003.pdf
Fiscal Note FN1 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_hb1052_00.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1052_01.pdf
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