SB24-114 Summary

• Establishes a refundable state income tax credit of $20 per volunteer hour, up to $500 annually, for parents, guardians, or legal custodians who volunteer in eligible schools during tax years 2025-2029.

• Eligible schools are public schools, charter schools, or cooperative service boards where at least 40% of students receive free or reduced-cost lunch; schools issue credit certificates to qualifying volunteers.

• Taxpayers claim the credit by submitting the certificate with their income tax return; excess credits exceeding income tax liability are refunded to the taxpayer.

• Requires the Colorado State Advisory Council for Parent Involvement in Education to develop marketing materials and conduct training sessions for schools; schools must collect parental feedback surveys from 2026-2030 and submit data to school districts and the Department of Education.

• The credit provision expires July 1, 2033, and annual reports on parental engagement survey data must be submitted to the state auditor and legislative education and finance committees from February 2027 through February 2031.