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CO HB1015

Bill

Official Source

Status

Introduced

1/14/2026

Primary Sponsor

Karen McCormick

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Extends the Colorado homeless contribution tax credit from expiring in tax year 2026 to tax year 2030, allowing taxpayers to continue claiming the credit for four additional years
  • The tax credit equals 25% of the total value of monetary or in-kind contributions made to approved nonprofit organizations serving individuals and families experiencing homelessness
  • In the first year the credit was available, 8,320 donations totaling $20,451,243 were leveraged, with both the number and value of donations increasing the following year
  • Extends the repeal date of the entire statute from December 31, 2040 to December 31, 2044
  • Takes effect August 12, 2026, subject to potential referendum petition

Legislative Description

Colorado Homeless Contribution Tax Credit Extension

Fiscal Policy & Taxes

Last Action

House Committee on Finance Refer Unamended to Appropriations

2/12/2026

Committee Referrals

Finance1/14/2026

Full Bill Text

No bill text available