SB 24-044 CO Passed One Chamber
Public Employees' Retirement Association Retiree Refundable Income Tax Credit
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Summary
Pension Review Commission. The bill creates a refundable income tax credit that is available for income tax years commencing on or after January 1, 2024, but prior to January 1, 2026, for a qualifying public employees' retirement association retiree, which means a full-time Colorado resident individual who: Is a retiree of the public employees' retirement association; Is 65 years of age or older at the end of the 2024 or 2025 income tax year; and Has an annual a federal adjusted gross income of no more than $38,000 as a single filer or $76,000 as a joint filer. (Note: Italicized words indicate new material added to the original summary; dashes through words indicate deletions from the original summary.) (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
Sponsors (4)
- Chris Kolker Democratic · primary
- Chris Hansen · primary
- Eliza Hamrick Democratic · primary
- Cathy Kipp Democratic · primary
Action history (8)
- May 14, 2024 House Committee on Appropriations Lay Over Unamended - Amendment(s) Failed · lower
- Apr 10, 2024 House Committee on Finance Refer Unamended to Appropriations · lower
- Mar 13, 2024 Introduced In House - Assigned to Finance · lower
- Mar 13, 2024 Senate Third Reading Passed - No Amendments · upper
- Mar 12, 2024 Senate Second Reading Passed with Amendments - Committee · upper
- Mar 8, 2024 Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole · upper
- Feb 6, 2024 Senate Committee on Finance Refer Amended to Appropriations · upper
- Jan 12, 2024 Introduced In Senate - Assigned to Finance · upper
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