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CO HB1037
Bill
Status
Introduced
1/8/2025
Primary Sponsor
Bob Marshall
Click for details
AI Summary
- Creates a refundable state income tax credit of $1,000 for licensed public school teachers employed full-time for an entire academic year, or $500 for those employed for half an academic year
- Applies to income tax years from January 1, 2025 through January 1, 2027
- Eligible teachers include those at school district schools, charter schools, State Charter School Institute schools, and boards of cooperative services
- Two eligible teachers filing a joint return may each claim their own credit
- Credit is intended to offset out-of-pocket expenses teachers incur for classroom supplies, professional development, supplemental materials, and field trips
Legislative Description
Income Tax Credit for Eligible Teachers
Education & School Finance (Pre & K-12)
Last Action
House Committee on Appropriations Lay Over Unamended - Amendment(s) Failed
5/13/2025
Committee Referrals
Appropriations1/27/2025
Finance1/8/2025
Full Bill Text
No bill text available