HB 21-1197 CO

0likes☆Favorite🔕SubscribeShare

Introduced

For income tax years commencing on or after January 1, 2021, but before January 1, 2026, the bill specifies that a qualified taxpayer is allowed an income tax credit in an amount equal to the income tax imposed on the qualified taxpayer in that income tax year so that the income tax due for the qualified taxpayer in that income tax year is zero. The bill defines a qualified taxpayer as: An individual who files a federal income tax return with federal taxable income in an amount less than $20,000; or Two individuals who file a joint federal income tax return with combined federal taxable income in an amount less than $40,000.(Note: This summary applies to this bill as introduced.)

• Dan Woog Republican · primary
• Barbara Kirkmeyer Republican · primary

1. Mar 29, 2021 House Committee on Finance Postpone Indefinitely · lower
2. Mar 4, 2021 Introduced In House - Assigned to Finance · lower

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

• Introduced (03/04/2021) · PDF
• Committee Amendment · PDF