Loading chat...
CO HB1164
Bill
Status
Introduced
1/30/2019
Primary Sponsor
Jonathan Singer
Click for details
AI Summary
- Repeals the contingency that previously required Congress to enact the "Marketplace Fairness Act of 2013" before Colorado's child tax credit could be claimed
- Allows resident individuals to claim a child tax credit against Colorado state income taxes for any income tax year beginning January 1, 2019, if they claim a federal child tax credit for an eligible child
- The credit is calculated as a percentage of the federal child tax credit based on the taxpayer's income
- Takes effect 90 days after final adjournment of the general assembly (August 2, 2019), unless subject to a referendum petition filed under the state constitution
- If a referendum petition is filed, the act takes effect only upon voter approval at the November 2020 general election
Legislative Description
Child Tax Credit
Last Action
House Committee on Appropriations Lay Over Unamended - Amendment(s) Failed
5/9/2019
Committee Referrals
Appropriations2/25/2019
Finance1/30/2019
Full Bill Text
No bill text available