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HB23-1016

Temp Tax Credit For Public Service Retirees

Type Bill
Session 2023 Regular Session
Subjects
Fiscal Policy & Taxes State Government

Concerning the creation of an income tax credit for qualifying retirees of Colorado public pensions.

Bill Summary:

Pension Review Commission. The bill creates an income tax credit that is available for income tax years commencing on or after January 1, 2023, but prior to January 1, 2025, for a qualifying public service retiree, which means a full-time Colorado resident individual who is:

  • 55 years of age or older at the end of the 2023 or 2024 income tax year; and
  • A retiree of a Colorado public pension plan administered pursuant to the Colorado Revised Statutes or a retiree of a public pension plan administered by a local government of the state of Colorado.
    (Note: This summary applies to this bill as introduced.)

Status

Lost

Introduced

Lost

Related Documents & Information

Date Version Documents
01/09/2023 Introduced PDF
Date Version Documents
01/31/2023 PA1 PDF
Date Version Documents
08/24/2023 FN2 PDF
01/26/2023 FN1 PDF
Activity Vote Documents
Activity Vote Documents
Adopt amendment L.002 (Attachment A). The motion passed without objection. Vote summary
Refer House Bill 23-1016, as amended, to the Committee on Appropriations. The motion passed on a vote of 7-4. Vote summary
Date Amendment Number Committee/ Floor Hearing Status Documents
01/30/2023 L.002 HOU Finance Passed [*] PDF
Date Location Action
05/11/2023 House House Committee on Appropriations Lay Over Unamended - Amendment(s) Failed
01/30/2023 House House Committee on Finance Refer Amended to Appropriations
01/09/2023 House Introduced In House - Assigned to Finance

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