HB19-1013 (Exum/Pettersen) Child Care Expenses Tax Credit Low-Income Families
This bill would make permanent Colorado’s five year-old low income child care expenses tax credit that is currently set to expire at the end of the next tax year.
The Children’s Campaign strongly supports this bill. More than 36,000 families have benefitted from this tax credit each year for the past five years. Similar to the Child Care Expenses Tax Credit available to families making more than $25,000 per year, this tax credit should be permanent as well. This is a necessary component of our child care affordability strategies since low-income families, often lacking a federal tax liability, need a different approach to support their child care expenses at the state level.
Assigned to the House Finance & Appropriations Committees.