CO HB1052

Creates a $700 refundable income tax credit for qualifying PERA retirees for tax years 2025 and 2026

Qualifying retirees must be Colorado residents, age 65 or older, with federal adjusted gross income of no more than $38,000 (single filers) or $76,000 (joint filers)

Credit is refundable, meaning retirees receive the full amount even if it exceeds their tax liability

Legislative rationale cites rising inflation rates and fixed-income PERA retirees whose cost of living adjustments have not kept pace with inflation

Section automatically repeals December 31, 2036; effectiveness will be measured by the number of taxpayers claiming the credit