HB 22-1163

  • Colorado House Bill
  • 2022 Regular Session
  • Introduced in House Feb 04, 2022
  • House
  • Senate
  • Governor

State Income Tax Deduction For Medical Expenses


The starting point for determining state income tax liability is federal taxable income. Federal taxable income is adjusted for additions and subtractions (deductions) that are used to determine Colorado taxable income, which amount is multiplied by the state's income tax rate of 4.55%. For the next 7 income tax years, the bill allows an individual to claim a deduction for qualifying out-of-pocket medical expenses, if the expenses are not: Claimed as a deduction on the taxpayer's federal income tax return; Paid or reimbursed from a medical savings account; or Paid or reimbursed by the taxpayer's insurance company.(Note: This summary applies to this bill as introduced.)

Bill Sponsors (2)


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Apr 07, 2022


House Committee on Finance Postpone Indefinitely


Feb 04, 2022


Introduced In House - Assigned to Finance

  • Introduction

Bill Text

Bill Text Versions Format
Introduced (02/04/2022) PDF
Committee Amendment PDF

Related Documents

Document Format
Fiscal Note FN1 (03/23/2022) PDF
Fiscal Note FN2 (08/22/2022) PDF


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