CO SB080

Establishes a parental engagement income tax credit for tax years 2024-2029, allowing parents who volunteer at eligible schools to claim $20 per volunteer hour, up to a maximum of $500 per year.

Eligible schools include public school district schools, district charter schools, institute charter schools, and boards of cooperative services; schools issue credit certificates to volunteering parents who submit them with their tax returns.

Credits exceeding a parent's income tax liability are refunded to the taxpayer; parents compensated for volunteer time are ineligible.

The Colorado State Advisory Council for Parent Involvement in Education must develop marketing materials and conduct training sessions for schools by May 1, 2025, and create a statewide parental engagement feedback survey to collect volunteer experience data from parents.

Schools must collect and report survey data through October 1, 2029, with the Department of Education submitting annual reports to the state auditor and relevant legislative committees; the tax credit expires July 1, 2032.