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Income Tax Credit for Mortgage Rate Buy Downs

Concerning the creation of an income tax credit for sellers of residential real property that buy down the mortgage interest rate of the buyer of the property.
2024 Regular Session
Fiscal Policy & Taxes
Bill Summary

The bill creates an income tax credit (tax credit) that is available for income tax years starting on or after January 1, 2024, but before January 1, 2026, for sellers of residential property in Colorado who buy down the interest rates on the mortgage of the buyer of the property. The amount of the tax credit is 50% of the cost of the mortgage interest rate buy down. The tax credit is refundable and transferrable to any other taxpayer.
(Note: This summary applies to this bill as introduced.)




Bill Text


Sponsor Type Legislators
Prime Sponsor

Rep. R. Bockenfeld, Rep. R. Pugliese



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