CO HB1037

Creates two income tax credits for employers who hire qualified employees with disabilities between January 1, 2016 and January 1, 2019.

First credit provides 50% of gross wages for the first three months of employment and 30% of gross wages for the subsequent nine months of continuous employment.

Second credit provides 75% of annual assistive technology costs in year one, 50% in year two, and 25% in year three for equipment specifically designed for the qualified employee's job performance.

Qualified employees must be referred by the Department of Labor and Employment for vocational rehabilitation services and include persons who are blind, persons with visual impairment, or persons with developmental disabilities compensated at minimum wage or higher.

Unused credits may be carried forward for up to five years and the entire tax credit provision repeals on December 31, 2022.