CO HB1013

Extends the child care expenses tax credit for resident individuals with federal adjusted gross income of $25,000 or less through January 1, 2029, instead of allowing it to expire January 1, 2022.

Removes the conditional provisions tied to state general fund surplus estimates that previously determined credit availability for 2017-2020 and 2018-2021 tax years.

Makes the credit available for income tax years beginning January 1, 2018 and ending prior to January 1, 2029 for qualifying low-income families.

Takes effect August 2, 2019, subject to referendum petition; if a referendum petition is filed, the act requires voter approval at the November 2020 general election to become effective.