HB 22-1083

  • Colorado House Bill
  • 2022 Regular Session
  • Introduced in House Apr 20, 2022
  • Passed House Apr 18, 2022
  • Passed Senate Apr 29, 2022
  • Governor

Colorado Homeless Contribution Income Tax Credit

Abstract

The bill repeals an existing income tax credit available to taxpayers who make contributions to enterprise zone administrators to promote temporary, emergency, or transitional housing programs for people experiencing homelessness and replaces that income tax credit with one that is available in the entire state. Instead of having the enterprise zone administrators and the office of economic development manage the credit, the bill places that responsibility on the division of housing in the department of local affairs. The bill also expands the scope so that a taxpayer may claim the tax credit when permissible contributions are made not only to an approved project, but also to approved nonprofit organizations providing certain qualifying activities. The amount of the income tax credit remains the same for each contribution; except that, for contributions made in an underserved, rural county, the amount is 30% rather than 25%, and the new credit is capped at $750,000 in contributions per income tax year for the nonprofit organization, and if the nonprofit organization also administers one or more approved projects, the new credit is capped at an additional $750,000 per project income tax year. The new credit's availability is limited to 8 6 years, and, in the same manner as the enterprise zone tax credit that is being repealed, any credit in excess of a taxpayer's liability for the income tax year for which the credit is claimed may be carried forward for up to 5 years. (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.)

Bill Sponsors (4)

Votes


Actions


May 19, 2022

Office of the Governor

Sent to the Governor

Senate

Signed by the President of the Senate

House

Signed by the Speaker of the House

May 10, 2022

House

House Considered Senate Amendments - Result was to Concur - Repass

May 09, 2022

House

House Considered Senate Amendments - Result was to Laid Over Daily

May 06, 2022

House

House Considered Senate Amendments - Result was to Laid Over Daily

House

House Considered Senate Amendments - Result was to Laid Over Daily

May 04, 2022

House

House Considered Senate Amendments - Result was to Laid Over Daily

May 03, 2022

House

House Considered Senate Amendments - Result was to Laid Over Daily

May 02, 2022

House

House Considered Senate Amendments - Result was to Laid Over Daily

Apr 29, 2022

Senate

Senate Third Reading Passed with Amendments - Floor

Apr 28, 2022

Senate

Senate Second Reading Special Order - Passed with Amendments - Committee

Senate

Senate Committee on Appropriations Refer Amended - Consent Calendar to Senate Committee of the Whole

  • Committee-Passage
Appropriations

Apr 25, 2022

Senate

Senate Committee on Finance Refer Unamended to Appropriations

  • Referral-Committee
Finance Appropriations

Apr 20, 2022

Senate

Introduced In Senate - Assigned to Finance

  • Introduction
Finance

Apr 18, 2022

House

House Third Reading Passed - No Amendments

Apr 14, 2022

House

House Second Reading Special Order - Passed with Amendments - Committee, Floor

House

House Committee on Appropriations Refer Amended to House Committee of the Whole

  • Committee-Passage
  • Referral-Committee
House Committee of the Whole Appropriations

Feb 10, 2022

House

House Committee on Finance Refer Amended to Appropriations

  • Referral-Committee
Appropriations Finance

Jan 19, 2022

House

Introduced In House - Assigned to Finance

  • Introduction
Finance

Bill Text

Bill Text Versions Format
Final Act (05/19/2022) PDF
Rerevised (04/29/2022) PDF
Revised (04/28/2022) PDF
Reengrossed (04/18/2022) PDF
Engrossed (04/14/2022) PDF
Introduced (01/19/2022) PDF
PA3 (04/28/2022) PDF
PA1 (04/14/2022) PDF
PA2 (04/14/2022) PDF
Committee Amendment PDF

Related Documents

Document Format
Fiscal Note SA1 (04/13/2022) PDF
Fiscal Note FN1 (02/04/2022) PDF
Fiscal Note FN2 (04/21/2022) PDF

Sources

Data on Open States is updated periodically throughout the day from the official website of the Colorado General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.