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Bill > HB1004

CO HB1004

CO HB1004
Continuation of Child Care Contribution Tax Credit

summary

Introduced
01/14/2026
In Committee
05/07/2026
Crossed Over
05/27/2026
Passed
05/28/2026
Dead
Signed/Enacted/Adopted
05/28/2026

Introduced Session

2026 Regular Session

Bill Summary

CONCERNING A CONTINUATION OF THE INCOME TAX CREDIT FOR A QUALIFYING CONTRIBUTION TO PROMOTE CHILD CARE IN THE STATE.

AI Summary

This bill extends the child care contribution tax credit, which allows individuals and corporations to receive a credit equal to 50% of their monetary contributions to child care facilities in Colorado. The credit, which has been in place since 1998 and was used by approximately 18,000 Coloradans in 2022 to generate $60 million for child care providers, is crucial for opening new facilities, supporting low-income families, and retaining staff. The bill extends this tax credit for an additional ten years, from its current expiration in 2028 to January 1, 2038, and also extends the repeal date of the section governing the credit from 2035 to January 1, 2045, in recognition of its importance to the state's economy and the well-being of children.

Committee Categories

Budget and Finance

Sponsors (57)

Jarvis Caldwell (R)*,  James Coleman (D)*,  Julie McCluskie (D)*,  Cleave Simpson (R)*,  Judy Amabile (D),  Jennifer Bacon (D),  Matt Ball (D),  Adrienne Benavidez (D),  Andrew Boesenecker (D),  Mary Bradfield (R),  Jeff Bridges (D),  Scott Bright (R),  Kyle Brown (D),  Sean Camacho (D),  Michael Carter (D),  Chad Clifford (D),  Lisa Cutter (D),  Lindsey Daugherty (D),  Monica Duran (D),  Tony Exum (D),  Meg Froelich (D),  Lindsay Gilchrist (D),  Julie Gonzales (D),  Ryan Gonzalez (R),  Eliza Hamrick (D),  Jamie Jackson (D),  Iman Jodeh (D),  Cathy Kipp (D),  Chris Kolker (D),  Sheila Lieder (D),  Mandy Lindsay (D),  William Lindstedt (D),  Meghan Lukens (D),  Janice Marchman (D),  Matt Martinez (D),  Tisha Mauro (D),  Karen McCormick (D),  Kyle Mullica (D),  Kenny Nguyen (D),  Amy Paschal (D),  Byron Pelton (R),  Rod Pelton (R),  Dylan Roberts (D),  Manny Rutinel (D),  Gretchen Rydin (D),  Emily Sirota (D),  Lesley Smith (D),  Marc Snyder (D),  Katie Stewart (D),  Rebekah Stewart (D),  Tammy Story (D),  Tom Sullivan (D),  Brianna Titone (D),  Elizabeth Velasco (D),  Katie Wallace (D),  Michael Weissman (D),  Yara Zokaie (D), 

Last Action

Governor Signed (on 05/28/2026)

Taxonomy

Macroeconomics
  • ‐ Taxation, Tax Policy, and Tax Reform
Social Welfare
  • ‐ Family Issues

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