HB 22-1030

House Bill 22-1030, which has been signed into law, provides a refundable state income tax credit of up to $75 for Colorado residents who have had packages stolen from their homes or businesses. This credit can be used towards the purchase of anti-theft devices for packages. Additionally, package delivery companies that donate these anti-theft devices directly to affected individuals also receive a tax credit equal to the retail value of each donated device, up to $75 per donation. This law aims to help reduce package theft by encouraging both individuals and delivery services to invest in security measures.

Official Summary

For 3 income tax years beginning in 2022, the bill creates a refundable state income tax credit of up to $75 for a resident individual who has had a package stolen from the individual's residence or place of business (eligible person) for the purchase of package anti-theft devices. The bill also creates a state income tax credit for a package delivery company that donates a package anti-theft device to an eligible person in the amount of the retail value of the device up to $75 per donation.(Note: This summary applies to this bill as introduced.)

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