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CO HB1268

CO HB1268
Financial Assistance for Certain Low-Income Individuals


summary

Introduced
02/13/2024
In Committee
05/04/2024
Crossed Over
05/10/2024
Passed
05/10/2024
Dead
Signed/Enacted/Adopted
06/06/2024

Introduced Session

2024 Regular Session

Bill Summary

CONCERNING FISCAL POLICY FOR THE FINANCIAL SUPPORT OF CERTAIN LOW-INCOME INDIVIDUALS BASED ON NEED, AND, IN CONNECTION THEREWITH, MAKING ORGANIZATIONAL MODIFICATIONS TO THE GRANTS FOR REAL PROPERTY TAX ASSISTANCE AND HEAT OR FUEL EXPENSES ASSISTANCE, ENDING SUCH GRANTS FOR INDIVIDUALS WITH A DISABILITY BEGINNING JANUARY 1, 2025, AND CREATING AN INCOME TAX CREDIT FOR QUALIFIED INDIVIDUALS WITH A DISABILITY TO CLAIM FOR TAX YEARS COMMENCING ON OR AFTER JANUARY 1, 2025.

AI Summary

This bill makes several changes to Colorado's financial assistance programs for low-income individuals. It creates two separate grants - one for property tax assistance and one for heat or fuel expenses assistance. The bill also ends the existing grant program for individuals with disabilities beginning in 2025 and replaces it with a new income tax credit for qualified individuals with a disability. The income eligibility thresholds and grant/credit amounts are adjusted and indexed to inflation. The bill aims to provide financial support to certain low-income individuals based on their needs.

Committee Categories

Budget and Finance

Sponsors (53)

Tony Exum (D)* Rhonda Fields (D)* David Ortiz (D)* Michael Weissman (D)* Judy Amabile (D),  Jennifer Bacon (D),  Shannon Bird (D),  Andrew Boesenecker (D),  Jeff Bridges (D),  Kyle Brown (D),  Janet Buckner (D),  Chad Clifford (D),  James Coleman (D),  Lisa Cutter (D),  Jessie Danielson (D),  Lindsey Daugherty (D),  Monica Duran (D),  Elisabeth Epps (D),  Steve Fenberg (D),  Meg Froelich (D),  Joann Ginal (D),  Julie Gonzales (D),  Eliza Hamrick (D),  Leslie Herod (D),  Sonya Jaquez Lewis (D),  Iman Jodeh (D),  Junie Joseph (D),  Chris Kennedy (D),  Cathy Kipp (D),  Chris Kolker (D),  Sheila Lieder (D),  Mandy Lindsay (D),  Meghan Lukens (D),  Javier Mabrey (D),  Julie McCluskie (D),  Barbara McLachlan (D),  Dafna Michaelson Jenet (D),  Kyle Mullica (D),  Kevin Priola (D),  Naquetta Ricks (D),  Dylan Roberts (D),  Manny Rutinel (D),  Emily Sirota (D),  Marc Snyder (D),  Tammy Story (D),  Tom Sullivan (D),  Brianna Titone (D),  Alex Valdez (D),  Elizabeth Velasco (D),  Jenny Willford (D),  Faith Winter (D),  Steven Woodrow (D),  Mary Young (D), 

Last Action

Governor Signed (on 06/06/2024)

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