CO HB1208

Creates a refundable state income tax credit for licensed teachers employed full-time in Colorado public schools for at least one-half of an academic year, applicable for tax years 2023-2026.

Provides $1,000 credit for teachers employed for an entire academic year (both January-June and September-December portions) and $500 for teachers employed for only one-half of an academic year.

Credit is intended to offset teacher expenses for classroom supplies, professional development, supplemental materials, and field trips that improve educational quality.

Two eligible teachers filing jointly may each claim the applicable credit amount.

Credit is refundable, meaning amounts exceeding income tax liability are refunded to the teacher; the provision expires December 31, 2031.