CO HB1016

Establishes two separate income tax credits for 2020 and 2021 tax years related to COVID-19 school closures and childcare disruptions during the 2020-21 school year

First credit covers educational expenses incurred when a child's school suspended in-person learning for at least 4 cumulative weeks; maximum $750 per year per child, $750 per child total, and $2,500 total per taxpayer across both years

Second credit covers lost income when a taxpayer had to provide childcare due to school closure or daycare center closure lasting at least 4 cumulative weeks; maximum $2,500 per year, with $2,500 total across both years

Taxpayers claiming either credit must provide receipts, cost documentation, or income records, plus a statement from the school or daycare center confirming the closure duration; schools and daycare centers must provide requested statements within 60 days

Both credits can be carried forward for 3 years but are not refundable; a taxpayer cannot claim both credits; both sections automatically repeal effective December 31, 2025