HB 24-1084 CO

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Became Law

The act repeals and reenacts law originally enacted by House Bill 23B-1002, concerning an increase in the earned income tax credit for income tax year 2023, and, in connection therewith, making an appropriation, to increase the amount of the earned income tax credit that a resident individual may claim on the resident individual's state income tax return for 2023 only from 25% to 50% of the federal credit claimed on the resident individual's federal income tax return. The increase in the amount of the credit is a one-time mechanism for refunding excess state revenues for the 2022-23 state fiscal year that are required to be refunded in the 2023-24 state fiscal year. For the 2023-24 state fiscal year, the act appropriates $51,483 from the general fund to the department of revenue and reappropriates $516 of that amount to the department of personnel for implementation of the act. APPROVED by Governor January 31, 2024 EFFECTIVE January 31, 2024(Note: This summary applies to this bill as enacted.)

• Jenny Willford Democratic · primary
• Mary Young · primary
• Chris Kolker Democratic · primary
• Rhonda Fields · primary

1. Jan 31, 2024 Governor Signed · executive
2. Jan 26, 2024 Sent to the Governor · executive
3. Jan 26, 2024 Signed by the President of the Senate · upper
4. Jan 25, 2024 Signed by the Speaker of the House · lower
5. Jan 24, 2024 Senate Third Reading Passed - No Amendments · upper
6. Jan 23, 2024 Senate Second Reading Passed - No Amendments · upper
7. Jan 18, 2024 Senate Committee on Finance Refer Unamended to Senate Committee of the Whole · upper
8. Jan 17, 2024 Introduced In Senate - Assigned to Finance · upper
9. Jan 17, 2024 House Third Reading Passed with Amendments - Floor · lower
10. Jan 12, 2024 House Second Reading Special Order - Passed - No Amendments · lower
11. Jan 12, 2024 House Committee on Appropriations Refer Unamended to House Committee of the Whole · lower
12. Jan 11, 2024 House Committee on Finance Refer Unamended to Appropriations · lower
13. Jan 10, 2024 Introduced In House - Assigned to Finance · lower