HB18-1004 (Coleman & Wilson/Tate & Kefalas) Renewing the Child Care Contribution Credit

Originally Posted: January 19, 2018
Last Updated: January 19, 2018

Summary

This bill would continue a credit that allows individuals and businesses to make contributions to promote child care in Colorado and claim a refundable credit for up to 50 percent of the contribution.

Position

The Children’s Campaign strongly supports this bill because this credit is critical to providing quality child care options for children across Colorado, and in particular kids in families facing the most barriers to economic security. The Child Care Contribution Tax Credit (CCTC) was created in 1998 and is available to taxpayers who contribute to child care, foster care, youth shelters, residential treatment centers, before and after-school programming, and grant programs to help families afford child care outside of school hours. More than 6,000 organizations in communities throughout Colorado can receive contributions that are eligible for the CCTC. Child care and youth programs help ensure children have quality, enriching experiences while at the same time allowing parents to work. Investing in the network of providers that support children outside of school time means supporting two generations (parent and child) at once. See our attached fact sheet for the broad list of supporters endorsing this bill.

Current Status

Assigned to the House Finance Committee, where it will be heard on Monday, Jan. 29 at 1:30 p.m. in LSB-A. Bill Jaeger, Vice President of Early Childhood Initiatives, will testify in support.

Previous Status


January 19, 2018

Assigned to the House Finance Committee, where it will be heard on Monday, Jan. 29 at 1:30 p.m. in LSB-A.