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Bill > HB1340

CO HB1340

CO HB1340
Incentives for Post-Secondary Education

summary

Introduced
02/26/2024
In Committee
05/07/2024
Crossed Over
05/29/2024
Passed
05/29/2024
Dead
Signed/Enacted/Adopted
05/30/2024

Introduced Session

2024 Regular Session

Bill Summary

CONCERNING THE CREATION OF INCENTIVES AGAINST THE STATE INCOME TAX FOR STUDENTS PURSUING POST-SECONDARY CREDENTIALS, AND, IN CONNECTION THEREWITH, MAKING AN APPROPRIATION.

AI Summary

This bill creates a refundable tax credit for eligible students attending Colorado public institutions of higher education in their first two years. The credit is equal to the tuition and fees paid, minus any scholarships or grants received, with an income eligibility limit of $90,000 for the student's household. The bill also requires public institutions to report student information to the Department of Higher Education, which will then provide the data to the Department of Revenue for administering the credit. The goal is to encourage students to attend Colorado public colleges and universities, thereby reducing student debt and supporting the state's workforce. The bill is set to repeal on December 31, 2037.

Committee Categories

Budget and Finance, Education

Sponsors (52)

Shannon Bird (D)*,  Barbara Kirkmeyer (R)*,  Rick Taggart (R)*,  Rachel Zenzinger (D)*,  Judy Amabile (D),  Andrew Boesenecker (D),  Jeff Bridges (D),  Kyle Brown (D),  Marc Catlin (R),  Chad Clifford (D),  Lisa Cutter (D),  Regina English (D),  Tony Exum (D),  Steve Fenberg (D),  Rhonda Fields (D),  Meg Froelich (D),  Lorena García (D),  Bob Gardner (R),  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),  Meghan Lukens (D),  Javier Mabrey (D),  Julia Marvin (D),  Tisha Mauro (D),  Julie McCluskie (D),  Barbara McLachlan (D),  Dafna Michaelson Jenet (D),  David Ortiz (D),  Kevin Priola (D),  Naquetta Ricks (D),  Robert Rodriguez (D),  Manny Rutinel (D),  Emily Sirota (D),  Marc Snyder (D),  Matt Soper (R),  Tammy Story (D),  Brianna Titone (D),  Alex Valdez (D),  Elizabeth Velasco (D),  Michael Weissman (D),  Faith Winter (D),  Mary Young (D), 

Last Action

Governor Signed (on 05/30/2024)

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Document Type Source Location
State Bill Page https://leg.colorado.gov/bills/hb24-1340
Amendment L.018 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/59072E473BB948DB87258B1500698BD9/HB1340_L.018.pdf
Amendment L.017 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/F955AEB9CD17FB7887258B15006990C5/HB1340_L.017.pdf
Amendment L.016 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/762C208A0B58B73287258B1500699546/HB1340_L.016.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1340_enr.pdf
Third Reading Amendment L.027 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/2EBD31BCC8F610C287258B17004F2E4D/HB1340_L.027.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1340_rer.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1340_rev.pdf
Senate Finance Amendment L.023 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/82D2DC0BD9F5A9C587258B150072114F/HB1340_L.023.pdf
Senate Finance Amendment L.020 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/EB6681AFA480CC7F87258B1500698198/HB1340_L.020.pdf
Senate Finance Amendment L.019 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/17560912D3AAE00B87258B1500698724/HB1340_L.019.pdf
Fiscal Note/Analysis - Budget Staff Analysis SA2 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_hb1340_sen.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1340_ren.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1340_eng.pdf
House Appropriations Amendment L.006 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/529B05D069F4A4F687258B11000C3573/HB1340_L.006.pdf
House Appropriations Amendment J.002 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/F5555656A66736F987258B12004B50F2/HB1340_J.002.pdf
House Appropriations Amendment L.010 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/5FDB5275CED30F5E87258B12001769D5/HB1340_L.010.pdf
House Appropriations Amendment L.009 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/D67FFA7BEF247D2487258B1200175AC3/HB1340_L.009.pdf
House Appropriations Amendment L.008 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/9E8E62043F6DB58487258B1200174BBD/HB1340_L.008.pdf
House Appropriations Amendment L.007 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/106D7125E8504BC987258B1200173AD6/HB1340_L.007.pdf
Fiscal Note FN3 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_hb1340_r2.pdf
Fiscal Note FN2 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_hb1340_r1.pdf
Fiscal Note/Analysis - Budget Staff Analysis SA1 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_hb1340_hse.pdf
House Finance Amendment L.002 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/ACBE681C4D11DE1287258B04006CE096/HB1340_L.002.pdf
Fiscal Note FN1 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_hb1340_00.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1340_01.pdf
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