Bill > HB1004

This bill extends the child care contribution tax credit in Colorado for an additional 10 years, changing the expiration date from January 1, 2028, to January 1, 2038. This tax credit allows individuals and corporations to receive a tax credit equal to 50% of their monetary contributions to promote child care in the state, with a maximum credit of $100,000. The bill also updates language related to the tax preference performance statement, clarifying that the general assembly finds the credit is intended to encourage taxpayers to make donations that promote child care in the state. The repeal date for the entire section related to this tax credit is also extended by 10 years, from January 1, 2035, to January 1, 2045. The bill emphasizes the importance of this tax credit in supporting Colorado's child care ecosystem, which is crucial for the state's economy and the well-being of children.

Budget and Finance

https://leg.colorado.gov/bills/HB26-1004