HB 18-1208

  • Colorado House Bill
  • 2018 Regular Session
  • Introduced in House May 01, 2018
  • Passed House Apr 27, 2018
  • Passed Senate May 09, 2018
  • Signed by Governor May 22, 2018

Expand Child Care Expenses Income Tax Credit

Abstract

Currently, a resident individual with a federal adjusted gross income of $60,000 or less is allowed a state income tax credit (state credit) for child care expenses that is a percentage of a similar federal income tax credit claimed (federal credit). The amount of the state credit depends on the individual's adjusted gross income (AGI). If the individual's AGI is: $25,000 or less, then the state credit is 50% of the federal credit; $25,001 to $35,000, then the state credit is 30% of the federal credit; and $35,001 to $60,000, then the state credit is 10% of the federal credit. The bill expands the state credit by allowing a resident individual with an AGI that is less than or equal to $150,000 to claim a credit that is equal to 80% of the individual's federal credit. For a taxpayer who is eligible for the credit due to the increased income threshold, the state credit is not refundable but may be carried forward up to 5 income tax years. The bill makes an appropriation. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More

Bill Sponsors (3)

Votes


Actions


May 22, 2018

Office of the Governor

Governor Signed

May 16, 2018

Office of the Governor

Sent to the Governor

Senate

Signed by the President of the Senate

House

Signed by the Speaker of the House

May 09, 2018

House

House Considered Senate Amendments - Result was to Concur - Repass

Senate

Senate Third Reading Passed - No Amendments

May 08, 2018

Senate

Senate Second Reading Special Order - Passed with Amendments - Committee

May 07, 2018

Senate

Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole

  • Referral-Committee
  • Committee-Passage
Senate Committee of the Whole Appropriations

May 03, 2018

Senate

Senate Committee on Finance Refer Amended to Appropriations

  • Referral-Committee
Appropriations Finance

May 01, 2018

Senate

Introduced In Senate - Assigned to Finance + Appropriations

  • Introduction
Appropriations Finance

Apr 27, 2018

House

House Third Reading Passed - No Amendments

Apr 26, 2018

House

House Second Reading Special Order - Passed with Amendments - Committee

Apr 25, 2018

House

House Committee on Appropriations Refer Amended to House Committee of the Whole

  • Referral-Committee
  • Committee-Passage
House Committee of the Whole Appropriations

Mar 12, 2018

House

House Committee on Finance Refer Amended to Appropriations

  • Referral-Committee
Appropriations Finance

Feb 05, 2018

House

Introduced In House - Assigned to Finance

  • Introduction
Finance

Bill Text

Bill Text Versions Format
Committee Amendment PDF
PA1 (03/14/2018) PDF
PA2 (04/26/2018) PDF
PA3 (05/03/2018) PDF
PA4 (05/07/2018) PDF
Introduced (02/05/2018) PDF
Engrossed (04/26/2018) PDF
Reengrossed (04/27/2018) PDF
Revised (05/08/2018) PDF
Rerevised (05/09/2018) PDF
Final Act (05/16/2018) PDF
Signed Act (05/22/2018) PDF

Related Documents

Document Format
Fiscal Note SA1 (04/25/2018) PDF
Fiscal Note SA2 (05/07/2018) PDF
Fiscal Note FN1 (03/09/2018) PDF
Fiscal Note FN2 (04/02/2018) PDF
Fiscal Note FN3 (05/04/2018) PDF
Fiscal Note FN4 (08/30/2018) PDF

Sources

Data on Open States is updated periodically throughout the day from the official website of the Colorado General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.