HB 16-1065: Income Tax Credit for Senior Home Health Care

• Creates an income tax credit for Colorado residents age 75 or older to help pay for home health care, home modifications, durable medical equipment, and telehealth equipment.

• Tax credit percentages are income-based: 70% for single filers earning $0-$25,000 (or joint filers $0-$50,000), 35% for income between those thresholds, and 0% above; maximum credit of $3,000 per tax year.

• First two years (2016-2017) cover only home modifications; years 2018-2019 add home health care services; years 2020-2021 add durable medical equipment and telehealth equipment.

• Credit requires a medical certificate signed by a licensed physician, physician's assistant, nurse practitioner, or home care agency coordinator detailing necessary equipment and modifications.

• Credit is suspended in any year when revenue estimates indicate state general fund growth will fall short of 6% over the previous year; suspended credits can be claimed in future qualifying years.

• Section repeals effective December 31, 2026.