CO HB1268

Ends property tax and heat/fuel expense grants for individuals with disabilities effective December 31, 2024, replacing them with an income tax credit for tax years starting January 1, 2025.

Creates a refundable income tax credit for qualified individuals with disabilities, ranging from $400 to $1,200 depending on federal adjusted gross income levels and filing status.

Expands heat or fuel expense grants for seniors (ages 65+) and surviving spouses (ages 58+), allowing them to claim up to $240 for 2023 calendar year with annual inflation adjustments thereafter.

Increases maximum eligible income thresholds for property tax grants to $18,026 (individuals) and $24,345 (spouses) for 2023, with annual inflation adjustments.

Allows individuals to claim both real property tax grants and heat or fuel expense grants in the same tax year, with updated maximum grant amounts and flat grant baselines.