CO HB1084

Repeals and reenacts House Bill 23B-1002 to maintain the increased earned income tax credit of 50% (instead of 25%) of the federal credit for tax year 2023 only, addressing constitutional and litigation concerns.

The 50% credit increase serves as a method to refund excess state revenues from fiscal year 2022-23 that are constitutionally required to be refunded in fiscal year 2023-24.

Appropriates $51,483 to the Department of Revenue for fiscal year 2023-24, including $23,175 for GenTax IT system support, $13,792 for taxation services personnel, $14,000 for executive director administration, and $516 for document management.

Appropriates $516 to the Department of Personnel from reappropriated revenue funds to provide document management services.

Resolves financial and administrative uncertainty created by litigation challenging the original bill's compliance with Colorado constitutional requirements for reading bills at length.