CO HB1153

Repeals subsection (2) of Colorado Revised Statutes 39-30-103.5, which allowed income tax credits for monetary or in-kind contributions to promote child care in enterprise zones for income tax years commencing prior to January 1, 1999.

Eliminates tax credit eligibility for five types of child care contributions: donations of money/real estate/property for child care facilities, donations for parent financial assistance programs, pooled business donations for facilities, donations for child care provider training, and donations for information and referral services.

Preserves the ability of taxpayers to claim credits for contributions made on or after January 1, 1999, if made pursuant to agreements entered into prior to that date with enterprise zone administrators.

Takes effect at 12:01 a.m. on the day following the expiration of the ninety-day period after final adjournment of the general assembly, unless a referendum petition is filed, in which case voter approval in the November 2022 general election is required.