CO HB1189

Creates an income tax credit equal to 25% of monetary donations made to qualifying nonprofits that eradicate human trafficking or provide at least 25% of services to trafficking victims in Colorado.

Applies to tax years 2020-2024 (5 years), with a maximum annual credit of $100,000 per taxpayer.

Credit is non-refundable but allows taxpayers to carry forward unused credits for up to 5 subsequent years.

Defines "qualifying nonprofit" as Section 501(c)(3) organizations either headquartered in Colorado or with 50% of employees in-state focused on eradicating trafficking, OR any nonprofit providing at least 25% of services in-state to trafficking victims.

Requires nonprofits to issue credit certificates to donors, and allows the credit to be claimed in addition to any federal tax deduction for the same donation.