HB 24-1084

  • Colorado House Bill
  • 2024 Regular Session
  • Introduced in House Jan 17, 2024
  • Passed House Jan 17, 2024
  • Passed Senate Jan 24, 2024
  • Signed by Governor Jan 31, 2024

Repeal & Reenact Earned Income Tax Credit Increase

Abstract

The act repeals and reenacts law originally enacted by House Bill 23B-1002, concerning an increase in the earned income tax credit for income tax year 2023, and, in connection therewith, making an appropriation, to increase the amount of the earned income tax credit that a resident individual may claim on the resident individual's state income tax return for 2023 only from 25% to 50% of the federal credit claimed on the resident individual's federal income tax return. The increase in the amount of the credit is a one-time mechanism for refunding excess state revenues for the 2022-23 state fiscal year that are required to be refunded in the 2023-24 state fiscal year. For the 2023-24 state fiscal year, the act appropriates $51,483 from the general fund to the department of revenue and reappropriates $516 of that amount to the department of personnel for implementation of the act. APPROVED by Governor January 31, 2024 EFFECTIVE January 31, 2024(Note: This summary applies to this bill as enacted.)

Bill Sponsors (4)

Votes


Actions


Jan 31, 2024

Office of the Governor

Governor Signed

Jan 26, 2024

Office of the Governor

Sent to the Governor

Senate

Signed by the President of the Senate

Jan 25, 2024

House

Signed by the Speaker of the House

Jan 24, 2024

Senate

Senate Third Reading Passed - No Amendments

Jan 23, 2024

Senate

Senate Second Reading Passed - No Amendments

Jan 18, 2024

Senate

Senate Committee on Finance Refer Unamended to Senate Committee of the Whole

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

Jan 17, 2024

Senate

Introduced In Senate - Assigned to Finance

  • Introduction
Finance

House

House Third Reading Passed with Amendments - Floor

Jan 12, 2024

House

House Second Reading Special Order - Passed - No Amendments

House

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

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

Jan 11, 2024

House

House Committee on Finance Refer Unamended to Appropriations

  • Referral-Committee
Appropriations Finance

Jan 10, 2024

House

Introduced In House - Assigned to Finance

  • Introduction
Finance

Bill Text

Bill Text Versions Format
Signed Act (01/31/2024) PDF
Final Act (01/26/2024) PDF
Rerevised (01/24/2024) PDF
Revised (01/23/2024) PDF
Reengrossed (01/17/2024) PDF
Engrossed (01/12/2024) PDF
Introduced (01/10/2024) PDF
Committee Amendment PDF

Related Documents

Document Format
Fiscal Note SA1 (01/11/2024) PDF
Fiscal Note FN1 (01/10/2024) PDF
Fiscal Note FN2 (08/01/2024) 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.