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Bill > HB1311

CO HB1311

CO HB1311
Family Affordability Tax Credit

summary

Introduced
02/16/2024
In Committee
05/04/2024
Crossed Over
05/10/2024
Passed
05/10/2024
Dead
Signed/Enacted/Adopted
05/31/2024

Introduced Session

2024 Regular Session

Bill Summary

CONCERNING THE CREATION OF A FAMILY AFFORDABILITY TAX CREDIT, AND, IN CONNECTION THEREWITH, MAKING AN APPROPRIATION.

AI Summary

This bill creates a Family Affordability Tax Credit in Colorado. The credit provides up to $3,200 per eligible child age 5 or younger, and up to $2,400 per eligible child aged 6 to 16, for resident individuals and joint filers with adjusted gross incomes below certain thresholds. The credit amount phases out for higher-income taxpayers. The bill also includes provisions for adjusting the credit amounts for inflation and sets an expiration date of December 31, 2037. The goal of the credit is to substantially reduce child poverty and make Colorado more affordable for families with children.

Committee Categories

Budget and Finance

Sponsors (57)

Jennifer Bacon (D)*,  James Coleman (D)*,  Lorena García (D)*,  Chris Kennedy (D)*,  Javier Mabrey (D)*,  David Ortiz (D)*,  Manny Rutinel (D)*,  Emily Sirota (D)*,  Michael Weissman (D)*,  Jenny Willford (D)*,  Faith Winter (D)*,  Judy Amabile (D),  Andrew Boesenecker (D),  Jeff Bridges (D),  Kyle Brown (D),  Janet Buckner (D),  Chad Clifford (D),  Lisa Cutter (D),  Jessie Danielson (D),  Lindsey Daugherty (D),  Regina English (D),  Elisabeth Epps (D),  Tony Exum (D),  Steve Fenberg (D),  Rhonda Fields (D),  Meg Froelich (D),  Joann Ginal (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),  Cathy Kipp (D),  Chris Kolker (D),  Sheila Lieder (D),  Mandy Lindsay (D),  Meghan Lukens (D),  Janice Marchman (D),  Julia Marvin (D),  Julie McCluskie (D),  Karen McCormick (D),  Barbara McLachlan (D),  Dafna Michaelson Jenet (D),  Kyle Mullica (D),  Jennifer Parenti (D),  Kevin Priola (D),  Naquetta Ricks (D),  Tammy Story (D),  Tom Sullivan (D),  Brianna Titone (D),  Elizabeth Velasco (D),  Stephanie Vigil (D),  Steven Woodrow (D),  Mary Young (D), 

Last Action

Governor Signed (on 05/31/2024)

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Document Type Source Location
State Bill Page https://leg.colorado.gov/bills/hb24-1311
Fiscal Note FN4 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_hb1311_f1.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1311_enr.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1311_rer.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1311_rev.pdf
Fiscal Note/Analysis - Budget Staff Analysis SA2 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_hb1311_sen.pdf
Senate Finance Amendment L.014 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/D377217BBCDE801587258B12005DEDDF/HB1311_L.014.pdf
Fiscal Note FN3 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_hb1311_r2.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1311_ren.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1311_eng.pdf
House Committee of the Whole Amendment H.001 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/A4561ED38B7A639187258B0F0061648F/HB1311_H.001.pdf
Second Reading Amendment L.008 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/05D83298EE01FEB687258B0F00597F6D/HB1311_L.008.pdf
Second Reading Amendment L.007 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/5317AF085134A20987258B0F0059F44A/HB1311_L.007.pdf
House Appropriations Amendment L.005 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/F79A568CF9052F0E87258B0C007D169D/HB1311_L.005.pdf
House Appropriations Amendment J.002 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/ADA00C7ED688338087258B0F004A0549/HB1311_J.002.pdf
Fiscal Note/Analysis - Budget Staff Analysis SA1 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_hb1311_hs2.pdf
Fiscal Note FN2 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_hb1311_r1.pdf
House Finance Amendment L.004 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/193F301A79074C4C87258AF60069251C/HB1311_L.004.pdf
House Finance Amendment L.002 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/00090DD47C04F7F187258AF9005472CF/HB1311_L.002.pdf
House Finance Amendment L.001 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/20BB119706DB87FD87258AF900545CC0/HB1311_L.001.pdf
Fiscal Note FN1 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_hb1311_00.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1311_01.pdf
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