CO SB319

Amends the tuition and fee tax incentive for eligible students at Colorado public higher education institutions, applying to income tax years from January 1, 2026, through January 1, 2033

Eligible students must have household adjusted gross income of $90,000 or less, have completed high school on or after January 1, 2024, matriculated within two academic years, qualify for in-state tuition, and completed FAFSA or CASFA

Changes reporting deadlines: institutions must report eligible students by January 31 (previously January 15), and the Department of Higher Education must report to the Department of Revenue by February 15

Requires the Department of Higher Education to submit implementation reports by December 1, 2026, and annual reports by December 1, 2027, through 2037, including data on student retention rates, completion rates, and student loan debt

Appropriates $135,446 from the general fund to the Department of Revenue for FY 2025-26, including $113,004 for 1.9 FTE personal services and $22,442 for operating expenses