HB 18-1221

  • Colorado House Bill
  • 2018 Regular Session
  • Introduced in House Feb 05, 2018
  • House
  • Senate
  • Governor

Income Tax Deduction For 529 Account Kindergarten Through Twelfth Grade Expenses


Current law allows contributions to a qualified state tuition program, also known as a 529 account, so long as the distributions are used for qualified higher education expenses (and some additional exceptions), but not for kindergarten through twelfth grade school expenses. The federal 'Tax Cuts and Jobs Act', which became law in December 2017, added distributions for kindergarten through twelfth grade expenses as qualified distributions thereby allowing, on the federal level, income tax-free distributions for elementary and secondary education expenses in addition to already authorized income tax-free distributions for higher education expenses. The bill makes similar changes to Colorado law to allow contributions to qualified state tuition programs for kindergarten through twelfth grade expenses thereby allowing a taxpayer to claim a deduction for such contributions and clarifying that such expenses are qualified distributions, ensuring that a taxpayer does not encounter tax recapture of any claimed deductions when such contributions are distributed for kindergarten through twelfth grade school expenses. (Note: This summary applies to this bill as introduced.) , Read More

Bill Sponsors (2)


No votes to display


Mar 26, 2018


House Committee on Education Postpone Indefinitely


Feb 05, 2018


Introduced In House - Assigned to Education

  • Introduction

Bill Text

Bill Text Versions Format
Committee Amendment PDF
Introduced (02/05/2018) PDF

Related Documents

Document Format
Fiscal Note FN1 (03/05/2018) PDF
Fiscal Note FN2 (09/06/2018) PDF


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