HB 23-1128 CO

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Introduced

Section 1 makes legislative findings and declarations concerning the treatment of taxpayers filing individually versus those filing jointly and clarifies that the intent of the bill is to eliminate barriers to certain tax credits and deductions for married individuals. Section 2 increases the maximum amount of the wildfire mitigation measures tax deduction from $2,500 to $5,000 for married taxpayers who file a joint income tax return. Section 3 increases the qualifying maximum gross adjusted income threshold for the child care expense tax credit from $60,000 to $120,000 for married taxpayers who file a joint income tax return. Section 4 raises the qualifying maximum income threshold for the low-income child care expense tax credit from $25,000 to $50,000 for married taxpayers who file a joint income tax return.(Note: This summary applies to this bill as introduced.)

• Ron Weinberg Republican · primary

1. Mar 6, 2023 House Committee on Finance Postpone Indefinitely · lower
2. Feb 23, 2023 House Committee on Finance Witness Testimony and/or Committee Discussion Only · lower
3. Jan 30, 2023 Introduced In House - Assigned to Finance · lower