(1.5) For income tax years commencing prior to January 1, 2025, any taxpayer who makes a monetary contribution to promote child care in the state is allowed a credit against the income tax imposed by this article 22 in an amount equal to fifty percent of the total value of the contribution except as otherwise provided in subsections (5) and (6.7) of this section.
(1.7) As used in this section, unless the context otherwise requires, "child care" means care provided to a child twelve years of age or younger.
(6.5) For the purposes of this section, "child care facility" means:
Source: L. 98: Entire section added, p. 1370, § 1, effective August 5. L. 2000: (1) amended and (1.5) added, p. 678, § 2, effective May 23. L. 2004: (1.7) added and (2)(a) and (7) amended, p. 84, § 1, effective March 9. L. 2008: (2)(a) and (7) amended and (6.5) and (6.7) added, p. 2269, § 1, effective August 5. L. 2009: (6.7)(a) amended, (SB 09-228), ch. 410, p. 2265, § 18, effective July 1. L. 2011: (1.5) and (6.7) amended, (HB 11-1014), ch. 247, p. 1080, § 1, effective August 10. L. 2012: (6.5) amended, (HB 12-1273), ch. 270, p. 1424, § 2, effective August 8. L. 2016: (2)(a) amended, (SB 16-189), ch. 210, p. 794, § 109, effective June 6. L. 2018: (1.5) and (7) amended, (HB 18-1004), ch. 327, p. 1965, § 1, effective August 8. L. 2021: (1) repealed and IP(2), (2)(a), (2)(c), (2)(e), and (5) amended, (HB 21-1154), ch. 54, p. 226, § 1, effective September 7.
Cross references: For the legislative declaration in the 2012 act amending subsection (6.5), see section 1 of chapter 270, Session Laws of Colorado 2012.
Structure Colorado Code
§ 39-22-102. Legislative Declaration
§ 39-22-103. Definitions - Construction of Terms
§ 39-22-104.5. Pretax Payments - Catastrophic Health Insurance
§ 39-22-104.6. Pretax Payments - Medical Savings Accounts
§ 39-22-105. Alternative Minimum Tax
§ 39-22-106. Colorado Personal Exemptions of a Resident Individual
§ 39-22-107. Income Tax Filing Status
§ 39-22-107.5. Income Tax Filing Status - Innocent Spouse Relief
§ 39-22-108. Credit for Tax Paid Other States
§ 39-22-108.5. Dual Resident Trusts - Income Tax Calculation
§ 39-22-109. Income of a Nonresident Individual for Purposes of Colorado Income Tax
§ 39-22-110. Apportionment of Tax in the Case of a Part-Year Resident
§ 39-22-110.5. Reacquisition of Residency During Active Duty Military Service
§ 39-22-111. Accounting Periods and Methods
§ 39-22-112. Persons and Organizations Exempt From Tax Under This Article
§ 39-22-114.5. Tax Credit for Investment in Technologies for Recycling Plastics
§ 39-22-116. Tax Tables for Individuals
§ 39-22-119. Expenses Related to Child Care - Credits Against State Tax
§ 39-22-119.5. Child Care Expenses Tax Credit - Legislative Declaration - Definitions
§ 39-22-120. Legislative Declaration - State Sales Tax Refund - Offset Against State Income Tax
§ 39-22-121. Credit for Child Care Facilities - Repeal
§ 39-22-122. Long-Term Care Insurance Credit
§ 39-22-129. Child Tax Credit - Legislative Declaration - Definitions