CO HB1273

Expands the definition of "child care facility" under Colorado's child care contribution income tax credit to include approved facility schools affiliated with licensed or certified hospitals, effective for tax years beginning January 1, 2013.

Requires approved facility schools to be nonprofit organizations and affiliated with a licensed or certified hospital in Colorado to qualify for the tax credit.

Delays tax credit claims for approved facility schools contributions made between January 1, 2013 and December 31, 2013 until the 2014 tax year.

Declares the bill's purpose is to support specialized child care for children with chronic illness or severe medical conditions requiring additional educational and medical attention, while enabling parents to remain employed.

Takes effect 90 days after final adjournment of the legislative session (August 8, 2012) unless subject to a referendum petition, in which case it requires voter approval at the November 2012 general election.