CO SB006

Creates a 25% income tax credit for Colorado resident individuals who contribute to health savings accounts supporting high deductible health plans as defined under federal law (26 U.S.C. Section 223).

Credit limits are $500 for single filers, $1,000 for joint filers, and $1,500 for family health plans.

Unused credits cannot be carried forward to future tax years or refunded to the taxpayer if they exceed income taxes owed.

Credit becomes effective January 1, 2026, and expires December 31, 2030.

Department of Revenue must adopt rules implementing the credit and include it on income tax forms beginning with the 2026 tax year.