HB20-1043 (Buckner & Wilson/Todd & Priola) Early Childhood Educator Tax Credit Clean Up
The bill is a technical clean-up bill and would address a drafting error in last year’s bipartisan early childhood educator tax credit bill (HB19-1005) and would be implemented as planned this tax year. The tax credit is tied to an educator’s credential level and is available at qualified licensed homes and centers.
The Children’s Campaign strongly supports this bill. Colorado faces a crisis in its supply of early childhood educators and a key limiting factor is the lack of adequate compensation to attract and retain our early education workforce. Early childhood educators earn half of kindergarten teachers in Colorado and parents cannot afford to pay more to increase compensation. A tax credit approach is an efficient way to invest in our early childhood educators.
Died on the calendar in House Appropriations Committee
January 17, 2020
Assigned to the House Education Committee where it is scheduled to be heard on Tuesday, Feb. 4 at 1:30pm in Room 0107
February 7, 2020
Passed out of the House Education Committee on a vote of 8-4 on Feb. 4 and now heads to the House Appropriations Committee.