CO HB1209

Prohibits Colorado taxpayers from claiming a state income tax deduction for contributions to qualified 529 accounts intended for elementary or secondary school expenses, effective for income tax years commencing on or after January 1, 2001.

Clarifies that "qualified higher education expenses" do not include elementary or secondary school expenses under Colorado law, maintaining the definition as it existed prior to the federal Tax Cuts and Jobs Act of 2017.

Applies to contributions made to CollegeInvest programs established under section 23-3.1-203, C.R.S., or to qualified state tuition programs affiliated with educational institutions in Colorado and established pursuant to Section 529 of the Internal Revenue Code.

Adopts a safety clause declaring the legislation necessary for the immediate preservation of public peace, health, and safety.