HB 18-1267

House Bill 18-1267, which has been signed into law, offers Colorado residents an income tax credit if they make home improvements that enhance health and safety for someone with a disability or illness. These renovations must allow the person to live more independently at home as they age or recover from an impairment. The bill benefits homeowners who need such modifications but might not have the financial means to do so on their own, helping them afford necessary changes like wider doorways or better accessibility features. Since it's signed, Colorado residents can now claim this tax credit when making eligible renovations.

Official Summary

The bill provides an income tax credit to an individual who retrofits or hires someone to retrofit the individual's residence. The bill specifies that the retrofit must: Be necessary to ensure the health, welfare, and safety of a qualified individual; Increase the residence's visitability; Enable greater accessibility and independence in the residence for a qualified individual; Be required due to illness, impairment, or disability of a qualified individual; and Allow a qualified individual to age in place.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More

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