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SB 24-044 CO
Passed One Chamber

Public Employees' Retirement Association Retiree Refundable Income Tax Credit

CO · session 2024A · Senate · bill

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Introduced Jan 12, 2024

Latest action (May 14, 2024) Introduced In Senate - Assigned to Finance

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)

Action history (8)

  1. May 14, 2024 House Committee on Appropriations Lay Over Unamended - Amendment(s) Failed · lower
  2. Apr 10, 2024 House Committee on Finance Refer Unamended to Appropriations · lower
  3. Mar 13, 2024 Introduced In House - Assigned to Finance · lower
  4. Mar 13, 2024 Senate Third Reading Passed - No Amendments · upper
  5. Mar 12, 2024 Senate Second Reading Passed with Amendments - Committee · upper
  6. Mar 8, 2024 Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole · upper
  7. Feb 6, 2024 Senate Committee on Finance Refer Amended to Appropriations · upper
  8. Jan 12, 2024 Introduced In Senate - Assigned to Finance · upper

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