HB 1240 CO
State Earned Income Tax Credit Age Limit
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Summary
This bill removes the maximum age requirement for Colorado's state earned income tax credit, effective for tax years beginning January 1, 2028. Current federal law temporarily removed the maximum age requirement for the federal earned income tax credit under the American Rescue Plan Act of 2021, and Colorado previously adopted a lowered minimum age requirement for its state credit. The bill makes the removal of the maximum age requirement permanent for the state earned income tax credit. Individuals who claim the credit as a result of this bill may claim the credit in the same amount as those claiming under the previously adopted lowered minimum age requirement.
AI-generated plain-language summary of the bill (from the OpenStates abstract — no full text available yet) — neutral, and may be imperfect.
Official abstract
Under current law, only individuals of certain ages may qualify for the federal or state earned income tax credit. The federal "American Rescue Plan Act of 2021" temporarily lowered the minimum age requirement and removed the maximum age requirement for the federal earned income tax credit. In 2021, the lowered minimum age requirement was adopted for the state earned income tax credit (credit) indefinitely. For tax years commencing on or after January 1, 2028, the bill adopts the removal of the maximum age requirement for the credit indefinitely. An individual who claims the credit as a result of the bill may claim the credit in an amount determined in the same manner as an individual who claims the credit as a result of the prior adoption of the lowered minimum age requirement.(Note: This summary applies to this bill as introduced.)
Sponsors (2)
- M. Rutinel Democratic · sponsor
- Y. Zokaie Democratic · sponsor
Action history (3)
- May 14, 2026 House Committee on Appropriations Lay Over Unamended - Amendment(s) Failed · lower
- Mar 16, 2026 House Committee on Finance Refer Unamended to Appropriations · lower
- Feb 18, 2026 Introduced In House - Assigned to Finance · lower
Full text
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