HB 26-1015

HB 26-1015, also known as the Colorado Homeless Contribution Tax Credit Extension, extends a tax credit for people who donate money or services to help homeless individuals in Colorado. This extension allows taxpayers to claim this credit until the year 2030 instead of stopping it after 2026. The bill has been signed into law, meaning that donors can now receive tax benefits for their contributions to address homelessness up to and including state income tax year 2030.

Official Summary

Under current law, the Colorado homeless contribution tax credit (credit) may only be claimed through state income tax year 2026. The bill amends the credit to allow taxpayers to claim the credit through state income tax year 2030.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

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