CO HB1143

Creates a five-year income tax credit for Colorado residents age 75 and older for costs of durable medical equipment, telehealth equipment, home modifications, and home health care services, with a maximum of $3,000 per year.

Credit percentage based on federal taxable income: single filers earning $0-$25,000 receive 70%, $25,001-$45,000 receive 35%, and over $45,000 receive 0%; joint filers earning $0-$50,000 receive 70%, $50,001-$90,000 receive 35%, and over $90,000 receive 0%.

Requires a credit certificate signed by a licensed physician, doctor of medicine, physician's assistant, nurse practitioner, or home care agency coordinator detailing the approved equipment or modifications.

Unused tax credits may be carried forward and applied against income tax due in the three succeeding tax years, but cannot be refunded.

The tax credit provisions expire and are repealed effective December 31, 2022.