ColoradoModification Higher Education Expenses Income Tax Incentive
What it does
The state allows a student pursuing higher education who satisfies statutorily specified eligibility criteria to claim an income tax incentive for amounts paid for tuition and fees for qualifying academic semesters or terms that the student completes. The act clarifies the statute that provides for the income tax incentive to improve the administration, including data tracking and reporting, of the incentive.
More detail
For the 2025-26 state fiscal year, $135,446 is appropriated from the general fund to the department of revenue for use by the taxation business group to implement the act. (Note: This summary applies to this bill as enacted.)
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Jun 4Governor Jared Polis SignedBecame Law
- May 13Sent to the GovernorTo Governor
- May 13Signed by the President of the Senate
- May 13Signed by the Speaker of the House
- May 5House Third Reading Passed - No AmendmentsPassed House
- Vote recorded BILL. Result: pass.Lower
- May 3House Committee on Appropriations Refer Unamended to House Committee of the WholeMinor
- May 3House Second Reading Special Order - Passed - No Amendments
- May 2Senate Third Reading Passed - No AmendmentsPassed Senate
- Vote recorded BILL. Result: pass.Upper
- May 2Introduced In House - Assigned to AppropriationsMinor
- May 1Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the WholeMinor
- May 1Senate Second Reading Special Order - Passed - No Amendments
- Apr 29Introduced In Senate - Assigned to AppropriationsIntroduced