Colorado 2024 Regular Session

Colorado House Bill HB1268 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
	1	+	Second Regular Session
	2	+	Seventy-fourth General Assembly
	3	+	STATE OF COLORADO
	4	+	REREVISED
	5	+	This Version Includes All Amendments
	6	+	Adopted in the Second House
	7	+	LLS NO. 24-0919.01 Megan McCall x4215
1	8		HOUSE BILL 24-1268
2		-	BY REPRESENTATIVE(S) Weissman and Ortiz, Amabile, Bacon, Bird,
3		-	Boesenecker, Brown, Clifford, Daugherty, deGruy Kennedy, Duran, Epps,
4		-	Froelich, Hamrick, Herod, Jodeh, Joseph, Kipp, Lieder, Lindsay, Lukens,
5		-	Mabrey, McLachlan, Ricks, Rutinel, Sirota, Snyder, Story, Titone, Valdez,
6		-	Velasco, Willford, Woodrow, Young, McCluskie;
7		-	also SENATOR(S) Exum and Fields, Bridges, Buckner, Coleman, Cutter,
8		-	Danielson, Ginal, Gonzales, Jaquez Lewis, Kolker, Michaelson Jenet,
9		-	Mullica, Priola, Roberts, Sullivan, Winter F., Fenberg.
	9	+	House Committees Senate Committees
	10	+	Finance Finance
	11	+	Appropriations Appropriations
	12	+	A BILL FOR AN ACT
10	13		C
11		-	ONCERNING FISCAL POLICY FOR THE FINANCIAL SUPPORT OF CERTAIN
12		-	LOW
13		-	-INCOME INDIVIDUALS BASED ON NEED , AND, IN CONNECTION
14		-	THEREWITH
15		-	, MAKING ORGANIZATIONAL MODIFICATIONS TO THE
16		-	GRANTS FOR REAL PROPERTY TAX ASSISTANCE AND HEAT OR FUEL
17		-	EXPENSES ASSISTANCE
18		-	, ENDING SUCH GRANTS FOR INDIVIDUALS WITH
19		-	A DISABILITY BEGINNING
20		-	JANUARY 1, 2025, AND CREATING AN
21		-	INCOME TAX CREDIT FOR QUALIFIED INDIVIDUALS WITH A DISABILITY
22		-	TO CLAIM FOR TAX YEARS COMMENCING ON OR AFTER
23		-	JANUARY 1,
24		-	2025.
25		-
26		-	Be it enacted by the General Assembly of the State of Colorado:
27		-	SECTION 1. In Colorado Revised Statutes, 39-31-101, amend
28		-	NOTE: This bill has been prepared for the signatures of the appropriate legislative
29		-	officers and the Governor. To determine whether the Governor has signed the bill
30		-	or taken other action on it, please consult the legislative status sheet, the legislative
31		-	history, or the Session Laws.
32		-	________
33		-	Capital letters or bold & italic numbers indicate new material added to existing law; dashes
34		-	through words or numbers indicate deletions from existing law and such material is not part of
35		-	the act. (1)(a), (1)(b), (1)(c)(I), (1)(d), (2)(d), (4), (5)(a), (5)(c), and (5)(d); repeal
36		-	(2.5); and add (1)(c)(III), (1.5), (2.1), and (5)(e) as follows:
37		-	39-31-101. Real property tax - tax equivalent - assistance - heat
38		-	or fuel expenses assistance - eligibility - applicability - definitions -
39		-	repeal. (1) (a) Individuals having resided within this state for the entire
40		-	taxable year who are sixty-five years of age or older during the taxable year
41		-	shall be
42		-	ARE eligible for a grant to be determined with respect to the income
43		-	taxes imposed by article 22 of this title based upon TITLE 39, SUBJECT TO
44		-	THE ADDITIONAL QUALIFICATION REQUIREMENTS OF THIS SECTION
45		-	, TO AID
46		-	IN
47		-	the payment by such persons
48		-	INDIVIDUALS of:
49		-	(I) Real estate taxes, including taxes on mobile homes, or trailer
50		-	coach specific ownership tax on, or tax-equivalent payments with respect
51		-	to, such
52		-	residences occupied by such persons; subject to the additional
53		-	qualification requirements of this section; INDIVIDUALS; OR
54		-	(II) HEAT OR FUEL EXPENSES FOR RESIDENCES OCCUPIED BY SUCH
55		-	INDIVIDUALS
56		-	.
57		-	(b) (I) Spouses are treated as jointly qualifying for the grant under
	14	+	ONCERNING FISCAL POLICY FOR THE FINANCIAL SUPPORT OF101
	15	+	CERTAIN LOW-INCOME INDIVIDUALS BASED ON NEED , AND, IN102
	16	+	CONNECTION THEREWITH , MAKING ORGANIZATIONAL103
	17	+	MODIFICATIONS TO THE GRANTS FOR REAL PROPERTY TAX104
	18	+	ASSISTANCE AND HEAT OR FUEL EXPENSES ASSISTANCE , ENDING105
	19	+	SUCH GRANTS FOR INDIVIDUALS WI TH A DISABILITY BEGINNING106
	20	+	J
	21	+	ANUARY 1, 2025, AND CREATING AN INCOME TAX CREDIT FOR107
	22	+	QUALIFIED INDIVIDUALS WITH A DI SABILITY TO CLAIM FOR TAX108
	23	+	YEARS COMMENCING ON OR AFTER JANUARY 1, 2025.109
	24	+	Bill Summary
	25	+	(Note: This summary applies to this bill as introduced and does
	26	+	not reflect any amendments that may be subsequently adopted. If this bill
	27	+	passes third reading in the house of introduction, a bill summary that
	28	+	SENATE
	29	+	3rd Reading Unamended
	30	+	May 7, 2024
	31	+	SENATE
	32	+	2nd Reading Unamended
	33	+	May 6, 2024
	34	+	HOUSE
	35	+	3rd Reading Unamended
	36	+	April 26, 2024
	37	+	HOUSE
	38	+	2nd Reading Unamended
	39	+	April 25, 2024
	40	+	HOUSE SPONSORSHIP
	41	+	Weissman and Ortiz, Amabile, Bacon, Bird, Boesenecker, Brown, Clifford, Daugherty,
	42	+	deGruy Kennedy, Duran, Epps, Froelich, Hamrick, Herod, Jodeh, Joseph, Kipp, Lieder,
	43	+	Lindsay, Lukens, Mabrey, McCluskie, McLachlan, Ricks, Rutinel, Sirota, Snyder, Story,
	44	+	Titone, Valdez, Velasco, Willford, Woodrow, Young
	45	+	SENATE SPONSORSHIP
	46	+	Exum and Fields, Bridges, Buckner, Coleman, Cutter, Danielson, Fenberg, Ginal,
	47	+	Gonzales, Jaquez Lewis, Kolker, Michaelson Jenet, Mullica, Priola, Roberts, Sullivan, Winter
	48	+	F.
	49	+	Shading denotes HOUSE amendment. Double underlining denotes SENATE amendment.
	50	+	Capital letters or bold & italic numbers indicate new material to be added to existing law.
	51	+	Dashes through the words or numbers indicate deletions from existing law. applies to the reengrossed version of this bill will be available at
	52	+	http://leg.colorado.gov.)
	53	+	The bill changes the "Property Tax/Rent/Heat Credit Rebate"
	54	+	(PTC). Under current law, the PTC is available to qualifying seniors and
	55	+	individuals with a disability who earn income below a threshold amount
	56	+	and who pay real property tax, or a tax equivalent through rent, or heat or
	57	+	fuel expenses, or an equivalent through rent. Under current law, 2
	58	+	sections of statute provide for the PTC. The first section provides the PTC
	59	+	for assistance in the payment of real property tax and the second section
	60	+	provides the PTC for assistance in the payment of heat or fuel expenses.
	61	+	The bill eliminates the second statutory section and combines both types
	62	+	of PTC, into the first statutory section. The bill also updates certain dollar
	63	+	values used to calculate the PTC to their current levels. Additionally, the
	64	+	PTC, for tax years commencing on or after January 1, 2025, will only be
	65	+	available to qualifying seniors.
	66	+	Qualified individuals with a disability for tax years commencing
	67	+	on or after January 1, 2025, are allowed an income tax credit. Eligibility
	68	+	with respect to disability mirrors the eligibility as it exists under current
	69	+	law for the PTC. The income tax credit is allowed in the following
	70	+	amounts:
	71	+	! $1,200 for a qualified individual filing a single return with
	72	+	adjusted gross income less than or equal to $10,000 or for
	73	+	2 qualified individuals, or a qualified individual and a
	74	+	nonqualified individual, filing a joint return with adjusted
	75	+	gross income less than or equal to $16,000;
	76	+	! $1,000 for a qualified individual filing a single return with
	77	+	adjusted gross income between $10,001 and $12,500 or for
	78	+	2 qualified individuals, or a qualified individual and a
	79	+	nonqualified individual, filing a joint return with adjusted
	80	+	gross income between $16,001 and $20,000;
	81	+	! $800 for a qualified individual filing a single return with
	82	+	adjusted gross income between $12,501 and $15,000 or for
	83	+	2 qualified individuals, or a qualified individual and a
	84	+	nonqualified individual, filing a joint return with adjusted
	85	+	gross income between $20,001 and $24,000;
	86	+	! $600 for a qualified individual filing a single return with
	87	+	adjusted gross income between $15,001 and $17,500 or for
	88	+	2 qualified individuals, or a qualified individual and a
	89	+	nonqualified individual, filing a joint return with adjusted
	90	+	gross income between $24,001 and $28,000; and
	91	+	! $400 for a qualified individual filing a single return with
	92	+	adjusted gross income between $17,501 and $20,000 or for
	93	+	2 qualified individuals, or a qualified individual and a
	94	+	nonqualified individual, filing a joint return with adjusted
	95	+	1268
	96	+	-2- gross income between $28,001 and $32,000.
	97	+	The department of revenue must adjust the amounts of the credit
	98	+	and the amounts of adjusted gross income annually for inflation.
	99	+	An individual who is a qualifying senior and a qualified individual
	100	+	with a disability and would meet the eligibility requirements to claim both
	101	+	the income tax credit and the PTC can only claim one or the other in the
	102	+	same income tax year.
	103	+	The bill also makes conforming amendments.
	104	+	Be it enacted by the General Assembly of the State of Colorado:1
	105	+	SECTION 1. In Colorado Revised Statutes, 39-31-101, amend2
	106	+	(1)(a), (1)(b), (1)(c)(I), (1)(d), (2)(d), (4), (5)(a), (5)(c), and (5)(d); repeal3
	107	+	(2.5); and add (1)(c)(III), (1.5), (2.1), and (5)(e) as follows:4
	108	+	39-31-101. Real property tax - tax equivalent - assistance -5
	109	+	heat or fuel expenses assistance - eligibility - applicability - definitions6
	110	+	- repeal. (1) (a) Individuals having resided within this state for the entire7
	111	+	taxable year who are sixty-five years of age or older during the taxable8
	112	+	year shall be
	113	+	ARE eligible for a grant to be determined with respect to the9
	114	+	income taxes imposed by article 22 of this title based upon TITLE 39,10
	115	+	SUBJECT TO THE ADDITIONAL QUALIFICATION REQUIREMENTS OF THIS11
	116	+	SECTION, TO AID IN the payment by such persons INDIVIDUALS of:12
	117	+	(I) Real estate taxes, including taxes on mobile homes, or trailer13
	118	+	coach specific ownership tax on, or tax-equivalent payments with respect14
	119	+	to, such residences occupied by such persons; subject to the additional15
	120	+	qualification requirements of this section; INDIVIDUALS; OR16
	121	+	(II) H
	122	+	EAT OR FUEL EXPENSES FOR RESIDENCES OCCUPIED BY SUCH17
	123	+	INDIVIDUALS.18
	124	+	(b) (I) Spouses are treated as jointly qualifying for the grant under19
58	125		paragraph (a) of this subsection (1)
59		-	SUBSECTION (1)(a) OF THIS ~~SECTION if~~
60		-	either spouse meets the age requirement and they jointly meet all ~~the~~
61		-	limitations of subsection (3) of this section. In all cases spouses must ~~file~~
62		-	one joint claim.
	126	+	SUBSECTION (1)(a) OF THIS SECTION20
	127	+	if either spouse meets the age requirement and they jointly meet all the21
	128	+	1268-3- limitations of subsection (3) of this section. In all cases spouses must file1
	129	+	one joint claim.2
63	130		(II) A surviving spouse
64		-	WHO IS fifty-eight years of age or older shallbe treated as qualifying QUALIFIES for the grant under paragraph (a) of this
65		-	subsection (1) SUBSECTION (1)(a) OF THIS SECTION if such THE surviving
66		-	spouse meets all the limitations imposed by subsection (3) of this section.
	131	+	WHO IS fifty-eight years of age or older3
	132	+	shall be treated as qualifying
	133	+	QUALIFIES for the grant under paragraph (a)4
	134	+	of this subsection (1) SUBSECTION (1)(a) OF THIS SECTION if such THE5
	135	+	surviving spouse meets all the limitations imposed by subsection (3) of6
	136	+	this section.7
67	137		(c) (I) B
68		-	EFORE JANUARY 1, 2025, the grant authorized by ~~this section~~
69		-	shall
70		-	IS also be allowed to individuals having resided in this ~~state for the~~
71		-	entire taxable year and coming within the limitations imposed ~~by subsection~~
72		-	(3) of this section who, regardless of age, have a ~~disability during the entire~~
73		-	taxable year to a degree sufficient to qualify for ~~the payment to them of full~~
74		-	benefits from any bona fide public or private ~~plan or source based solely~~
75		-	upon such disability.
	138	+	EFORE JANUARY 1, 2025, the grant authorized by this8
	139	+	section shall
	140	+	IS also be allowed to individuals having resided in this state9
	141	+	for the entire taxable year and coming within the limitations imposed by10
	142	+	subsection (3) of this section who, regardless of age, have a disability11
	143	+	during the entire taxable year to a degree sufficient to qualify for the12
	144	+	payment to them of full benefits from any bona fide public or private plan13
	145	+	or source based solely upon such disability.14
76	146		(III) T
77		-	HIS SUBSECTION (1)(c) IS REPEALED, EFFECTIVE ~~DECEMBER 31,~~
78		-	~~PAGE 2-HOUSE BILL 24-1268 2030.~~
79		-	~~(d) (I) Eligibility under more than one provision of this subsection~~
80		-	(1) ~~shall not operate to DOES NOT increase the amount~~ of ~~any grant available~~
81		-	~~to an individual or spouses under subsection~~ (2) ~~of this section;~~
82		-	~~EXCEPT~~
83		-	~~THAT~~
84		-	, AN INDIVIDUAL OR SPOUSES MAY CLAIM THE GRANT ~~UNDER BOTH~~
85		-	SUBSECTIONS
86		-	~~(1)(a)(I) AND (1)(a)(II) OF THIS SECTION, IF~~ APPLICABLE.
	147	+	HIS SUBSECTION (1)(c) IS REPEALED, EFFECTIVE DECEMBER15
	148	+	31,
	149	+	2030.16
	150	+	(d) (I) Eligibility under more than one provision of this subsection17
	151	+	(1) shall not operate to
	152	+	DOES NOT increase the amount of any grant18
	153	+	available to an individual or spouses under subsection (2) of this section;19
	154	+	EXCEPT THAT, AN INDIVIDUAL OR SPOUSES MAY CLAIM THE GRANT UNDER20
	155	+	BOTH SUBSECTIONS (1)(a)(I) AND (1)(a)(II) OF THIS SECTION, IF21
	156	+	APPLICABLE.22
87	157		(II) T
88		-	HIS SUBSECTION (1)(d) IS REPEALED, EFFECTIVE DECEMBER 31,
89		-	2030.
	158	+	HIS SUBSECTION (1)(d) IS REPEALED, EFFECTIVE DECEMBER23
	159	+	31,
	160	+	2030.24
90	161		(1.5) (a) T
91		-	HE GRANT SET FORTH IN SUBSECTION (1) OF THIS SECTION
92		-	IS ALLOWED AS FOLLOWS
93		-	:
	162	+	HE GRANT SET FORTH IN SUBSECTION (1) OF THIS25
	163	+	SECTION IS ALLOWED AS FOLLOWS:26
94	164		(I) A
95		-	N INDIVIDUAL OR SPOUSES CLAIMING THE GRANT PURSUANT TO
96		-	SUBSECTION
97		-	(1)(a)(I) OR (1)(c) OF THIS SECTION MAY CLAIM THE GRANT IN
98		-	AN AMOUNT SET FORTH IN SUBSECTION
99		-	(2) OF THIS SECTION;
	165	+	N INDIVIDUAL OR SPOUSES CLAIMING THE GRANT PURSUANT27
	166	+	1268
	167	+	-4- TO SUBSECTION (1)(a)(I) OR (1)(c) OF THIS SECTION MAY CLAIM THE1
	168	+	GRANT IN AN AMOUNT SET FORTH IN SUBSECTION (2) OF THIS SECTION;2
100	169		(II) A
101		-	N INDIVIDUAL OR SPOUSES CLAIMING THE GRANT PURSUANT TO
102		-	SUBSECTION
103		-	(1)(a)(II) OF THIS SECTION MAY CLAIM THE GRANT IN AN
104		-	AMOUNT SET FORTH IN SUBSECTION
105		-	(2.1) OF THIS SECTION; AND
106		-	(III) AN INDIVIDUAL OR SPOUSES CLAIMING THE GRANT PURSUANT
107		-	TO BOTH SUBSECTIONS
108		-	(1)(a)(I) AND (1)(a)(II) OF THIS SECTION MAY CLAIM
109		-	THE GRANT IN THE AMOUNT SET FORTH IN SUBSECTION
110		-	(2) OF THIS SECTION
111		-	PLUS THE AMOUNT SET FORTH IN SUBSECTION
112		-	(2.1) OF THIS SECTION.
	170	+	N INDIVIDUAL OR SPOUSES CLAIMING THE GRANT PURSUANT3
	171	+	TO SUBSECTION (1)(a)(II) OF THIS SECTION MAY CLAIM THE GRANT IN AN4
	172	+	AMOUNT SET FORTH IN SUBSECTION (2.1) OF THIS SECTION; AND5
	173	+	(III) A
	174	+	N INDIVIDUAL OR SPOUSES CLAIMING THE GRANT PURSUANT6
	175	+	TO BOTH SUBSECTIONS (1)(a)(I) AND (1)(a)(II) OF THIS SECTION MAY7
	176	+	CLAIM THE GRANT IN THE AMOUNT SET FORTH IN SUBSECTION (2) OF THIS8
	177	+	SECTION PLUS THE AMOUNT SET FORTH IN SUBSECTION (2.1) OF THIS9
	178	+	SECTION.10
113	179		(b) (I) T
114		-	HE PROVISIONS OF SUBSECTION (1.5)(a) OF THIS SECTION
115		-	APPLY TO AN INDIVIDUAL CLAIMING THE GRANT PURSUANT TO SUBSECTION
116		-	(1)(c) OF THIS SECTION.
	180	+	HE PROVISIONS OF SUBSECTION (1.5)(a) OF THIS SECTION11
	181	+	APPLY TO AN INDIVIDUAL CLAIMING THE GRANT PURS UANT TO SUBSECTION12
	182	+	(1)(c)
	183	+	OF THIS SECTION.13
117	184		(II) T
118		-	HIS SUBSECTION (1.5)(b) IS REPEALED, EFFECTIVE DECEMBER
119		-	31, 2030.
120		-	(2) A grant is the amount of the general property taxes actually paid
121		-	on the residence or the amount of taxes actually paid on a mobile home,
122		-	plus any tax-equivalent payments computed pursuant to subsection (4) of
123		-	this section, with respect to the rent of a trailer space during the year for
124		-	which the grant is claimed, the amount of the specific ownership tax
125		-	actually paid on a trailer coach, or the amount of the tax-equivalent
126		-	PAGE 3-HOUSE BILL 24-1268 payments, computed pursuant to subsection (4) of this section, actually
127		-	made during the year for which such grant is claimed, but in no event may
128		-	it exceed:
	185	+	HIS SUBSECTION (1.5)(b) IS REPEALED, EFFECTIVE DECEMBER14
	186	+	31,
	187	+	2030.15
	188	+	(2) A grant is the amount of the general property taxes actually16
	189	+	paid on the residence or the amount of taxes actually paid on a mobile17
	190	+	home, plus any tax-equivalent payments computed pursuant to subsection18
	191	+	(4) of this section, with respect to the rent of a trailer space during the19
	192	+	year for which the grant is claimed, the amount of the specific ownership20
	193	+	tax actually paid on a trailer coach, or the amount of the tax-equivalent21
	194	+	payments, computed pursuant to subsection (4) of this section, actually22
	195	+	made during the year for which such grant is claimed, but in no event may23
	196	+	it exceed:24
129	197		(d) For a grant claimed for the 2019
130		-	THE 2023 calendar year, either
131		-	seven hundred thirty-five EIGHT HUNDRED SEVENTY-TWO dollars reduced by
132		-	ten percent of the claimant's income over the phase-out amount or the
133		-	PROPERTY TAX flat grant amount, whichever amount is greater. For a grant
134		-	claimed for years commencing on or after January 1, 2020
135		-	JANUARY 1,
136		-	2024, either the maximum grant amount allowed under this subsection
137		-	(2)(d) for the prior year, adjusted for inflation and reduced by ten percent
138		-	of the claimant's income over the phase-out amount, or the
139		-	PROPERTY TAX
140		-	flat grant amount, whichever amount is greater.
	198	+	THE 2023 calendar year,25
	199	+	either seven hundred thirty-five EIGHT HUNDRED SEVENTY -TWO dollars26
	200	+	reduced by ten percent of the claimant's income over the phase-out27
	201	+	1268
	202	+	-5- amount or the PROPERTY TAX flat grant amount, whichever amount is1
	203	+	greater. For a grant claimed for years commencing on or after January 1,2
	204	+	2020 JANUARY 1, 2024, either the maximum grant amount allowed under3
	205	+	this subsection (2)(d) for the prior year, adjusted for inflation and reduced4
	206	+	by ten percent of the claimant's income over the phase-out amount, or the5
	207	+	PROPERTY TAX flat grant amount, whichever amount is greater.6
141	208		(2.1) F
142		-	OR A GRANT CLAIMED FOR THE 2023 CALENDAR YEAR, EITHER
143		-	TWO HUNDRED FORTY DOLLARS REDUCED BY TEN PERCENT OF THE
144		-	CLAIMANT
145		-	'S INCOME OVER THE PHASE-OUT AMOUNT OR THE HEAT OR FUEL
146		-	EXPENSES FLAT GRANT AMOUNT
147		-	, WHICHEVER AMOUNT IS GREATER . FOR A
148		-	GRANT CLAIMED FOR YEARS COMMENCING ON OR AFTER
149		-	JANUARY 1, 2024,
150		-	EITHER THE MAXIMUM GRANT AMOUNT ALLOWED UNDER THIS SUBSECTION
151		-	(2.1) FOR THE PRIOR YEAR, ADJUSTED FOR INFLATION AND REDUCED BY TEN
152		-	PERCENT OF THE CLAIMANT
153		-	'S INCOME OVER THE PHASE-OUT AMOUNT, OR
154		-	THE HEAT OR FUEL EXPENSES FLAT GRANT AMOUNT
155		-	, WHICHEVER AMOUNT
156		-	IS GREATER
157		-	.
	209	+	OR A GRANT CLAIMED FOR THE 2023 CALENDAR YEAR,7
	210	+	EITHER TWO HUNDRED FORTY DOLLARS REDUCED BY TEN PERCENT OF THE8
	211	+	CLAIMANT'S INCOME OVER THE PHASE-OUT AMOUNT OR THE HEAT OR FUEL9
	212	+	EXPENSES FLAT GRANT AMOUNT , WHICHEVER AMOUNT IS GREATER . FOR10
	213	+	A GRANT CLAIMED FOR YEARS COMMENCING ON OR AFTER JANUARY 1,11
	214	+	2024,
	215	+	EITHER THE MAXIMUM GRANT AMOUNT ALLOWED UNDER THIS12
	216	+	SUBSECTION (2.1) FOR THE PRIOR YEAR, ADJUSTED FOR INFLATION AND13
	217	+	REDUCED BY TEN PERCENT OF THE CLAIMANT 'S INCOME OVER THE14
	218	+	PHASE-OUT AMOUNT, OR THE HEAT OR FUEL EXPENSES FLAT GRANT15
	219	+	AMOUNT, WHICHEVER AMOUNT IS GREATER .16
158	220		(2.5) In 2000 and in every even-numbered year thereafter, the
159		-	finance committees of the senate and the house of representatives shall
160		-	examine the grant amounts and reduction percentages set forth in subsection
161		-	(2) of this section, considering the level of the federal poverty index and
162		-	such other information as is available to the committees, and shall
163		-	determine whether said amounts and percentages should be modified.
164		-	(4) (a) The tax-equivalent amount for persons INDIVIDUALS
165		-	otherwise qualified who paid rent for the right to occupy premises as a
166		-	residence during the taxable year is twenty percent of the actual rent paid
	221	+	17
	222	+	finance committees of the senate and the house of representatives shall18
	223	+	examine the grant amounts and reduction percentages set forth in19
	224	+	subsection (2) of this section, considering the level of the federal poverty20
	225	+	index and such other information as is available to the committees, and21
	226	+	shall determine whether said amounts and percentages should be22
	227	+	modified.23
	228	+	(4) (a) The tax-equivalent amount for persons INDIVIDUALS24
	229	+	otherwise qualified who paid rent for the right to occupy premises as a25
	230	+	residence during the taxable year is twenty percent of the actual rent paid26
167	231		during the taxable year, not including any charge for utilities or food,
168		-	~~FOR~~
169		-	~~THE PURPOSES OF CALCULATING THE AMOUNT OF THE GRANT PURSUANT TO~~
170		-	~~SUBSECTION~~
171		-	(2) OF THIS SECTION.
	232	+	FOR27
	233	+	1268
	234	+	-6- THE PURPOSES OF CALCULATING THE AMOUNT OF THE GRANT PURSUANT1
	235	+	TO SUBSECTION (2) OF THIS SECTION.2
172	236		(b) To qualify as a tax-equivalent payment
173		-	SET FORTH IN
174		-	~~PAGE 4-HOUSE BILL 24-1268~~ SUBSECTION (4)(a) OF THIS SECTION, rent must have been paid as a part of
175		-	a bona fide tenancy or leasing agreement and shall ~~DOES not include any~~
176		-	~~portion of payments made to institutions or facilities commonly known as~~
177		-	~~nursing homes but shall~~
178		-	DOES include rent paid for the use of a ~~mobile home~~
179		-	or paid on trailer space if paid as a part of a bona fide tenancy.
	237	+	SET FORTH IN3
	238	+	SUBSECTION (4)(a) OF THIS SECTION, rent must have been paid as a part of4
	239	+	a bona fide tenancy or leasing agreement and shall
	240	+	DOES not include any5
	241	+	portion of payments made to institutions or facilities commonly known6
	242	+	as nursing homes but shall DOES include rent paid for the use of a mobile7
	243	+	home or paid on trailer space if paid as a part of a bona fide tenancy.8
180	244		(c) F
181		-	OR INDIVIDUALS OTHERWISE QUALIFIED WHO PAID HEAT OR FUEL
182		-	EXPENSES INDIRECTLY AS PART OF THEIR RENTAL PAYMENTS
183		-	, IT IS PRESUMED
184		-	THAT TEN PERCENT OF THE ACTUAL RENT PAID DURING THE TAXABLE YEAR
185		-	WAS FOR HEAT OR FUEL EXPENSES FOR THE PURPOSE OF CALCULATING THE
186		-	AMOUNT OF THE GRANT PURSUANT TO SUBSECTION
187		-	(2.1) OF THIS SECTION.
188		-	F
189		-	OR RENTAL PAYMENTS TO QUALIFY UNDER SUBSECTION (1)(a)(II) OF THIS
190		-	SECTION
191		-	, THEY MUST HAVE BEEN PAID AS A PART OF A BONA FIDE TENANCY
192		-	OR LEASE AGREEMENT
193		-	. RENTAL PAYMENTS MADE TO INSTITUTIONS OR
194		-	FACILITIES COMMONLY KNOWN AS NURSING HOMES DO NOT QUALIFY
195		-	, BUT
196		-	RENTAL PAYMENTS FOR THE USE OF A MOBILE HOME QUALIFY IF PAID AS A
197		-	PART OF A BONA FIDE TENANCY OR LEASE AGREEMENT
198		-	.
199		-	(5) As used in this section:
	245	+	OR INDIVIDUALS OTHERWISE QUALIFIED WHO PAID HEAT OR9
	246	+	FUEL EXPENSES INDIRECTLY AS PART OF THEIR RENTAL PAYMENTS , IT IS10
	247	+	PRESUMED THAT TEN PERCENT OF THE ACTUAL RENT PAID DURING THE11
	248	+	TAXABLE YEAR WAS FOR HEAT OR FUEL EXPENSES FOR THE PURPOSE OF12
	249	+	CALCULATING THE AMOUNT OF THE GRANT PURSUANT TO SUBSECTION13
	250	+	(2.1)
	251	+	OF THIS SECTION. FOR RENTAL PAYMENTS TO QUALIFY UNDER14
	252	+	SUBSECTION (1)(a)(II) OF THIS SECTION, THEY MUST HAVE BEEN PAID AS15
	253	+	A PART OF A BONA FIDE TE NANCY OR LEASE AGREEMENT . RENTAL16
	254	+	PAYMENTS MADE TO INSTITUTIONS OR FACILITIES COMMONLY KNOWN AS17
	255	+	NURSING HOMES DO NOT QUALIFY , BUT RENTAL PAYMENTS FOR THE USE18
	256	+	OF A MOBILE HOME QUALIFY IF PAID AS A PART OF A BONA FIDE TENANCY19
	257	+	OR LEASE AGREEMENT.20
	258	+	(5) As used in this section:21
200	259		(a) "Flat grant amount" means an amount equal to two hundred
201		-	thirty-eight dollars for the 2019 calendar year, and for each year thereafter
202		-	the amount for the prior year adjusted for inflation. "HEAT OR FUEL
203		-	EXPENSES FLAT GRANT AMOUNT
204		-	" MEANS AN AMOUNT EQUAL TO
205		-	NINETY
206		-	-TWO DOLLARS FOR THE 2023 CALENDAR YEAR, AND FOR EACH YEAR
207		-	THEREAFTER THE AMOUNT FOR THE PRIOR YEAR ADJUSTED FOR INFLATION
208		-	.
209		-	(c) "Maximum eligible income amount" means:
210		-	(I) For an individual, income that is less than or equal to fifteen
211		-	thousand one hundred ninety-two EIGHTEEN THOUSAND TWENTY -SIX dollars
212		-	for the 2019 THE 2023 calendar year and for each year thereafter, the
213		-	amount for the prior year adjusted for inflation; and
214		-	(II) For spouses, income that is less than or equal to twenty thousand
215		-	five hundred eighteen TWENTY-FOUR THOUSAND THREE HUNDRED
216		-	FORTY
217		-	-FIVE dollars for the 2019
218		-	THE 2023 calendar year and for each year
219		-	thereafter, the amount for the prior year adjusted for inflation.
220		-	(d) "Phase-out amount" means:
221		-	PAGE 5-HOUSE BILL 24-1268 (I) In the case of an individual, an amount equal to eight thousand
222		-	one hundred sixty-nine NINE THOUSAND SIX HUNDRED NINETY -TWO dollars
223		-	for the 2019 THE 2023 calendar year and for each year thereafter, the
224		-	amount for the prior year adjusted for inflation; and
225		-	(II) In the case of spouses, an amount equal to thirteen thousand two
226		-	hundred five FIFTEEN THOUSAND SIX HUNDRED SIXTY -EIGHT dollars for the
227		-	2019 THE 2023 calendar year and for each year thereafter, the amount for
228		-	the prior year adjusted for inflation.
	260	+	22
	261	+	thirty-eight dollars for the 2019 calendar year, and for each year thereafter23
	262	+	the amount for the prior year adjusted for inflation. "HEAT OR FUEL24
	263	+	EXPENSES FLAT GRANT AMOUNT " MEANS AN AMOUNT EQUAL TO25
	264	+	NINETY-TWO DOLLARS FOR THE 2023 CALENDAR YEAR, AND FOR EACH26
	265	+	YEAR THEREAFTER THE AMOUNT FOR THE PRIOR YEAR ADJUSTED FOR27
	266	+	1268
	267	+	-7- INFLATION.1
	268	+	(c) "Maximum eligible income amount" means:2
	269	+	(I) For an individual, income that is less than or equal to fifteen3
	270	+	thousand one hundred ninety-two EIGHTEEN THOUSAND TWENTY -SIX4
	271	+	dollars for the 2019 THE 2023 calendar year and for each year thereafter,5
	272	+	the amount for the prior year adjusted for inflation; and6
	273	+	(II) For spouses, income that is less than or equal to twenty7
	274	+	thousand five hundred eighteen TWENTY-FOUR THOUSAND THREE8
	275	+	HUNDRED FORTY-FIVE dollars for the 2019 THE 2023 calendar year and for9
	276	+	each year thereafter, the amount for the prior year adjusted for inflation.10
	277	+	(d) "Phase-out amount" means:11
	278	+	(I) In the case of an individual, an amount equal to eight thousand12
	279	+	one hundred sixty-nine NINE THOUSAND SIX HUNDRED NINETY -TWO13
	280	+	dollars for the 2019 THE 2023 calendar year and for each year thereafter,14
	281	+	the amount for the prior year adjusted for inflation; and15
	282	+	(II) In the case of spouses, an amount equal to thirteen thousand16
	283	+	two hundred five FIFTEEN THOUSAND SIX HUNDRED SIXTY -EIGHT dollars17
	284	+	for the 2019 THE 2023 calendar year and for each year thereafter, the18
	285	+	amount for the prior year adjusted for inflation.19
229	286		(e) "P
230		-	ROPERTY TAX FLAT GRANT AMOUNT " MEANS AN AMOUNT
231		-	EQUAL TO TWO HUNDRED EIGHTY
232		-	-TWO DOLLARS FOR THE 2023 CALENDAR
233		-	YEAR
234		-	, AND FOR EACH YEAR THEREAFTER THE AMOUNT FOR THE PRIOR YEAR
235		-	ADJUSTED FOR INFLATION
236		-	.
237		-	SECTION 2. In Colorado Revised Statutes, 39-31-102, amend
238		-	(1)(a), (2), (3), and (6); and repeal (5) as follows:
239		-	39-31-102. Procedures to obtain grant - department of revenue
	287	+	ROPERTY TAX FLAT GRANT AMOUNT " MEANS AN AMOUNT20
	288	+	EQUAL TO TWO HUNDRED EIGHTY -TWO DOLLARS FOR THE 2023 CALENDAR21
	289	+	YEAR, AND FOR EACH YEAR THEREAFTER THE AMOUNT FOR THE PRIOR22
	290	+	YEAR ADJUSTED FOR INFLATION.23
	291	+	SECTION 2. In Colorado Revised Statutes, 39-31-102, amend24
	292	+	(1)(a), (2), (3), and (6); and repeal (5) as follows:25
	293	+	39-31-102. Procedures to obtain grant - department of revenue26
240	294		- responsibilities. (1) (a) A grant authorized by section 39-31-101 or
241		-	39-31-104 shall MUST be paid from the reserve for refunds created by
242		-	section 39-22-622. Payments shall MUST be made on a quarterly basis, with
243		-	the amount of each payment equal to the total amount of the grant divided
244		-	by the number of quarters remaining in the calendar year in which the grant
245		-	is awarded, with the calculation including the quarter in which the grant is
246		-	awarded. Claimants meeting all qualification requirements for an entire
247		-	taxable year shall be
248		-	ARE entitled to a grant allowable pursuant to section
249		-	39-31-101. or 39-31-104 Grants paid pursuant to this subsection (1) shall
250		-	MUST be included for informational purposes in the general appropriation
251		-	bill or in supplemental appropriation bills for the purpose of complying with
252		-	the limitation on state fiscal year spending imposed by section 20 of article
253		-	X of the state constitution and section 24-77-103. C.R.S.
254		-	(2) The executive director shall prescribe the forms to be used for
255		-	the grants authorized by section 39-31-101 or 39-31-104 AND THE CREDIT
256		-	ALLOWED PURSUANT TO SECTION
257		-	39-31-104.5 and prepare any instructions
258		-	related to the forms. The executive director may create an electronic form
259		-	to be used in addition to the paper form. If a sales tax refund is allowed for
260		-	any given income tax year in accordance with section 39-22-2002, the
261		-	executive director shall include provisions on the forms to allow qualified
262		-	PAGE 6-HOUSE BILL 24-1268 individuals to apply for the refund pursuant to section 39-22-2003 (5)(c). To
263		-	receive a grant
264		-	OR CREDIT, an individual must claim the grant OR CREDIT on
265		-	the executive director's form.
	295	+	27
	296	+	1268
	297	+	-8- 39-31-104 shall MUST be paid from the reserve for refunds created by1
	298	+	section 39-22-622. Payments shall MUST be made on a quarterly basis,2
	299	+	with the amount of each payment equal to the total amount of the grant3
	300	+	divided by the number of quarters remaining in the calendar year in which4
	301	+	the grant is awarded, with the calculation including the quarter in which5
	302	+	the grant is awarded. Claimants meeting all qualification requirements for6
	303	+	an entire taxable year shall be ARE entitled to a grant allowable pursuant7
	304	+	to section 39-31-101. or 39-31-104 Grants paid pursuant to this8
	305	+	subsection (1) shall MUST be included for informational purposes in the9
	306	+	general appropriation bill or in supplemental appropriation bills for the10
	307	+	purpose of complying with the limitation on state fiscal year spending11
	308	+	imposed by section 20 of article X of the state constitution and section12
	309	+	24-77-103. C.R.S.13
	310	+	(2) The executive director shall prescribe the forms to be used for14
	311	+	the grants authorized by section 39-31-101 or 39-31-104 AND THE CREDIT15
	312	+	ALLOWED PURSUANT TO SECTION 39-31-104.5 and prepare any16
	313	+	instructions related to the forms. The executive director may create an17
	314	+	electronic form to be used in addition to the paper form. If a sales tax18
	315	+	refund is allowed for any given income tax year in accordance with19
	316	+	section 39-22-2002, the executive director shall include provisions on the20
	317	+	forms to allow qualified individuals to apply for the refund pursuant to21
	318	+	section 39-22-2003 (5)(c). To receive a grant
	319	+	OR CREDIT, an individual22
	320	+	must claim the grant
	321	+	OR CREDIT on the executive director's form.23
266	322		(3) (a) If two or more persons
267		-	INDIVIDUALS, other than spouses, ~~are~~
268		-	entitled to a grant authorized by section 39-31-101 or 39-31-104 it ~~A CREDIT~~
269		-	ALLOWED PURSUANT TO SECTION
270		-	~~39-31-104.5, THE GRANT~~ OR ~~CREDIT may~~
271		-	~~be claimed by either or any of such persons meeting the qualificationstherefor THE INDIVIDUALS. When two or more persons INDIVIDUALS claim~~
272		-	the ~~grant~~
273		-	OR CREDIT for the same residence, ~~the executive director is~~
274		-	authorized to determine the proper allocation of ~~such~~
275		-	THE grant OR CREDIT.
	323	+	INDIVIDUALS, other than spouses,24
	324	+	are entitled to a grant authorized by section 39-31-101 or 39-31-104 it A25
	325	+	CREDIT ALLOWED PURSUANT TO SECTION 39-31-104.5, THE GRANT OR26
	326	+	CREDIT may be claimed by either or any of such persons meeting the27
	327	+	1268
	328	+	-9- qualifications therefor THE INDIVIDUALS. When two or more persons1
	329	+	INDIVIDUALS claim the grant OR CREDIT for the same residence, the2
	330	+	executive director is authorized to determine the proper allocation of such3
	331	+	THE grant OR CREDIT.4
276	332		(b) No grant
277	333		OR CREDIT received pursuant to this section shall be
278		-	ARTICLE 31 IS treated as income for purposes of determining the eligibility
279		-	of any person INDIVIDUAL for old age pension benefits under article 2 of
280		-	title 26. C.R.S.
281		-	(5) Any person who is claimed as an exemption for purposes of the
282		-	Colorado income tax by any other person for the taxable year shall be
283		-	ineligible for the grant authorized by this section.
284		-	(6) The grant AUTHORIZED BY SECTION 39-31-101 for heat or fuel
285		-	expenses shall in no case NOT exceed the amount of the heat or fuel
	334	+	5
	335	+	ARTICLE 31 IS treated as income for purposes of determining the eligibility6
	336	+	of any person INDIVIDUAL for old age pension benefits under article 2 of7
	337	+	title 26. C.R.S.8
	338	+	(5) Any person who is claimed as an exemption for purposes of9
	339	+	the Colorado income tax by any other person for the taxable year shall be10
	340	+	ineligible for the grant authorized by this section.11
	341	+	(6) The grant
	342	+	AUTHORIZED BY SECTION 39-31-101 for heat or fuel12
	343	+	expenses shall in no case
	344	+	NOT exceed the amount of the heat or fuel13
286	345		expenses actually paid, and
287		-	A GRANT shall not be made unless ~~the~~
288		-	appropriate form claiming the same is filed with the department ~~of revenue~~
289		-	on or before the expiration of twenty-four months after the ~~end of the~~
290		-	taxable year for which such credit or refund
291		-	THE GRANT is claimed.
292		-	SECTION 3. In Colorado Revised Statutes, repeal 39-31-104.
293		-	SECTION 4. In Colorado Revised Statutes, add 39-31-104.5 as
294		-	follows:
295		-	39-31-104.5. Tax credit for assistance for individuals with a
296		-	disability - tax preference performance statement - ~~legislative~~
	346	+	A GRANT shall not be made unless the14
	347	+	appropriate form claiming the same is filed with the department of15
	348	+	revenue on or before the expiration of twenty-four months after the end16
	349	+	of the taxable year for which such credit or refund
	350	+	THE GRANT is claimed.17
	351	+	SECTION 3. In Colorado Revised Statutes, repeal 39-31-104.18
	352	+	SECTION 4. In Colorado Revised Statutes, add 39-31-104.5 as19
	353	+	follows:20
	354	+	39-31-104.5. Tax credit for assistance for individuals with a21
	355	+	disability - tax preference performance statement - legislative22
297	356		declaration - definitions. (1) (a) T
298		-	HE GENERAL ASSEMBLY FINDS AND
299		-	DECLARES THAT IN ACCORDANCE WITH SECTION
300		-	39-21-304, THE TAX
301		-	EXPENDITURE CREATED IN THIS SECTION IS INTENDED TO REDUCE NET TAXES
302		-	PAID BY CERTAIN INDIVIDUALS
303		-	. SPECIFICALLY THE TAX EXPENDITURE IS
304		-	INTENDED TO PROVIDE ASSISTANCE THROUGH AN INCOME TAX CREDIT FOR
305		-	PAGE 7-HOUSE BILL 24-1268 INDIVIDUALS WITH A DISABILITY WHO DO NOT HAVE INCOME ABOVE A
306		-	CERTAIN THRESHOLD AMOUNT
307		-	.
	357	+	HE GENERAL ASSEMBLY FINDS AND23
	358	+	DECLARES THAT IN ACCORDANCE WITH SECTION 39-21-304, THE TAX24
	359	+	EXPENDITURE CREATED IN THIS SECTION IS INTENDED TO REDUCE NET25
	360	+	TAXES PAID BY CERTAIN INDIVIDUALS . SPECIFICALLY THE TAX26
	361	+	EXPENDITURE IS INTENDED TO PROVIDE ASSISTANCE THROUGH AN INCOME27
	362	+	1268
	363	+	-10- TAX CREDIT FOR INDIVIDUALS WITH A DISABILITY WHO DO NOT HAVE1
	364	+	INCOME ABOVE A CERTAIN THRESHOLD AMOUNT .2
308	365		(b) T
309		-	HE GENERAL ASSEMBLY AND THE STATE AUDITOR SHALL
310		-	MEASURE THE EFFECTIVENESS OF THE TAX EXPENDITURE IN ACHIEVING THE
311		-	PURPOSE SPECIFIED IN SUBSECTION
312		-	(1)(a) OF THIS SECTION BASED ON THE
313		-	NUMBER OF TAXPAYERS WHO HAVE CLAIMED THE CREDIT AND THE TOTAL
314		-	AMOUNT OF CREDITS CLAIMED
315		-	.
	366	+	HE GENERAL ASSEMBLY AND THE STATE AUDITOR SHALL3
	367	+	MEASURE THE EFFECTIVENESS OF THE TAX EXPENDITURE IN ACHIEVING4
	368	+	THE PURPOSE SPECIFIED IN SUBSECTION (1)(a) OF THIS SECTION BASED ON5
	369	+	THE NUMBER OF TAXPAYERS WHO HAVE CLAIMED THE CREDIT AND THE6
	370	+	TOTAL AMOUNT OF CREDITS CLAIMED .7
316	371		(2) A
317		-	S USED IN THIS SECTION, UNLESS THE CONTEXT OTHERWISE
318		-	REQUIRES
319		-	:
	372	+	S USED IN THIS SECTION, UNLESS THE CONTEXT OTHERWISE8
	373	+	REQUIRES:9
320	374		(a) "C
321		-	REDIT" MEANS THE CREDIT AGAINST INCOME TAX THAT IS
322		-	CREATED IN THIS SECTION
323		-	.
	375	+	REDIT" MEANS THE CREDIT AGAINST INCOME TAX THAT IS10
	376	+	CREATED IN THIS SECTION.11
324	377		(b) "I
325		-	NFLATION" MEANS THE ANNUAL PERCENTAGE CHANGE IN THE
326		-	UNITED STATES DEPARTMENT OF LABOR , BUREAU OF LABOR STATISTICS,
327		-	CONSUMER PRICE INDEX FOR DENVER-AURORA-LAKEWOOD FOR ALL ITEMS
328		-	AND ALL URBAN CONSUMERS
329		-	, OR ITS SUCCESSOR INDEX.
	378	+	NFLATION" MEANS THE ANNUAL PERCENTAGE CHANGE IN12
	379	+	THE UNITED STATES DEPARTMENT OF LABOR , BUREAU OF LABOR13
	380	+	STATISTICS, CONSUMER PRICE INDEX FOR DENVER-AURORA-LAKEWOOD14
	381	+	FOR ALL ITEMS AND ALL URBAN CONSUMERS , OR ITS SUCCESSOR INDEX.15
330	382		(c) (I) "Q
331		-	UALIFIED INDIVIDUAL" MEANS A RESIDENT INDIVIDUAL WHO
332		-	HAS A DISABILITY DURING THE ENTIRE INCOME TAX YEAR TO A DEGREE
333		-	SUFFICIENT TO QUALIFY FOR THE PAYMENT TO THE INDIVIDUAL OF FULL
334		-	BENEFITS FROM ANY BONA FIDE PUBLIC OR PRIVATE PLAN OR SOURCE BASED
335		-	SOLELY UPON SUCH DISABILITY
336		-	.
	383	+	UALIFIED INDIVIDUAL" MEANS A RESIDENT INDIVIDUAL16
	384	+	WHO HAS A DISABILITY DURING THE ENTIRE INCOME TAX YEAR TO A17
	385	+	DEGREE SUFFICIENT TO QUALIFY FOR THE PAYMENT TO THE INDIVIDUAL OF18
	386	+	FULL BENEFITS FROM ANY BONA FIDE PUBLIC OR PRIVATE PLAN OR SOURCE19
	387	+	BASED SOLELY UPON SUCH DISABILITY .20
337	388		(II) A
338		-	N INDIVIDUAL HAS A DISABILITY FOR PURPOSES OF SUBSECTION
339		-	(2)(c)(I) OF THIS SECTION IF THE INDIVIDUAL IS UNABLE TO ENGAGE IN ANY
340		-	SUBSTANTIAL GAINFUL ACTIVITY BY REASON OF ANY MEDICALLY
341		-	DETERMINABLE PHYSICAL OR MENTAL IMPAIRMENT THAT CAN BE EXPECTED
342		-	TO RESULT IN DEATH OR THAT HAS LASTED FOR A CONTINUOUS PERIOD OF
343		-	NOT LESS THAN TWELVE MONTHS
344		-	.
	389	+	N INDIVIDUAL HAS A DISABILITY FOR PURPOSES OF21
	390	+	SUBSECTION (2)(c)(I) OF THIS SECTION IF THE INDIVIDUAL IS UNABLE TO22
	391	+	ENGAGE IN ANY SUBSTANTIAL GAINFUL ACTIVITY BY REASON OF ANY23
	392	+	MEDICALLY DETERMINABLE PHYSICAL OR MENTAL IMPAIRMENT THAT CAN24
	393	+	BE EXPECTED TO RESULT IN DEATH OR THAT HAS LASTED FOR A25
	394	+	CONTINUOUS PERIOD OF NOT LESS THAN TWELVE MONTHS .26
345	395		(3) F
346		-	OR INCOME TAX YEARS COMMENCING ON OR AFTER JANUARY 1,
347		-	2025,
348		-	A QUALIFIED INDIVIDUAL IS ALLOWED A CREDIT AGAINST THE TAX
349		-	IMPOSED BY ARTICLE
350		-	22 OF THIS TITLE 39 IN AN AMOUNT SET FORTH IN
351		-	SUBSECTION
352		-	(4) OF THIS SECTION.
	396	+	OR INCOME TAX YEARS COMMENCING ON OR AFTER JANUARY27
	397	+	1268
	398	+	-11- 1, 2025, A QUALIFIED INDIVIDUAL IS ALLOWED A CREDIT AGAINST THE TAX1
	399	+	IMPOSED BY ARTICLE 22 OF THIS TITLE 39 IN AN AMOUNT SET FORTH IN2
	400	+	SUBSECTION (4) OF THIS SECTION.3
353	401		(4) (a) T
354		-	HE CREDIT MAY BE CLAIMED IN AN AMOUNT EQUAL TO :
355		-	PAGE 8-HOUSE BILL 24-1268 (I) ONE THOUSAND TWO HUNDRED DOLLARS FOR :
	402	+	HE CREDIT MAY BE CLAIMED IN AN AMOUNT EQUAL TO :4
	403	+	(I) O
	404	+	NE THOUSAND TWO HUNDRED DOLLARS FOR :5
356	405		(A) A
357		-	QUALIFIED INDIVIDUAL FILING A SINGLE RETURN WHO HAS A
358		-	FEDERAL ADJUSTED GROSS INCOME LESS THAN OR EQUAL TO TEN THOUSAND
359		-	DOLLARS
360		-	;
	406	+	QUALIFIED INDIVIDUAL FILING A SINGLE RETURN WHO HAS6
	407	+	A FEDERAL ADJUSTED GROSS INCOME LESS THAN OR EQUAL TO TEN7
	408	+	THOUSAND DOLLARS;8
361	409		(B) T
362		-	WO QUALIFIED INDIVIDUALS FILING A JOINT RETURN WITH A
363		-	FEDERAL ADJUSTED GROSS INCOME LESS THAN OR EQUAL TO SIXTEEN
364		-	THOUSAND DOLLARS
365		-	; OR
366		-	(C) A QUALIFIED INDIVIDUAL AND A NONQUALIFIED INDIVIDUAL
367		-	FILING A JOINT RETURN WITH A FEDERAL ADJUSTED GROSS INCOME LESS
368		-	THAN OR EQUAL TO SIXTEEN THOUSAND DOLLARS
369		-	;
	410	+	WO QUALIFIED INDIVIDUALS FILING A JOINT RETURN WITH A9
	411	+	FEDERAL ADJUSTED GROSS INCOME LESS THAN OR E QUAL TO SIXTEEN10
	412	+	THOUSAND DOLLARS; OR11
	413	+	(C) A
	414	+	QUALIFIED INDIVIDUAL AND A NONQUALIFIED INDIVIDUAL12
	415	+	FILING A JOINT RETURN WITH A FEDERAL ADJUSTED GROSS INCOME LESS13
	416	+	THAN OR EQUAL TO SIXTEEN THOUSAND DOLLARS ;14
370	417		(II) O
371		-	NE THOUSAND DOLLARS FOR :
	418	+	NE THOUSAND DOLLARS FOR :15
372	419		(A) A
373		-	QUALIFIED INDIVIDUAL FILING A SINGLE RETURN WHO ~~HAS A~~
374		-	FEDERAL ADJUSTED GROSS INCOME GREATER THAN TEN ~~THOUSAND DOLLARS~~
375		-	BUT LESS THAN OR EQUAL TO TWELVE THOUSAND FIVE ~~HUNDRED DOLLARS~~
376		-	;
	420	+	QUALIFIED INDIVIDUAL FILING A SINGLE RETURN WHO HAS16
	421	+	A FEDERAL ADJUSTED GROSS INCOME GREATER THAN TEN THOUSAND17
	422	+	DOLLARS BUT LESS THAN OR EQUAL TO TWELVE THOUSAND FIVE HUNDRED18
	423	+	DOLLARS;19
377	424		(B) T
378		-	WO QUALIFIED INDIVIDUALS FILING A JOINT RETURN WITH A
379		-	FEDERAL ADJUSTED GROSS INCOME GREATER THAN SIXTEEN THOUSAND
380		-	DOLLARS BUT LESS THAN OR EQUAL TO TWENTY THOUSAND DOLLARS
381		-	; OR
382		-	(C) A QUALIFIED INDIVIDUAL AND A NONQUALIFIED INDIVIDUAL
383		-	FILING A JOINT RETURN WITH A FEDERAL ADJUSTED GROSS INCOME GREATER
384		-	THAN SIXTEEN THOUSAND DOLLARS BUT LESS THAN OR EQUAL TO TWENTY
385		-	THOUSAND DOLLARS
386		-	;
	425	+	WO QUALIFIED INDIVIDUALS FILING A JOINT RETURN WITH A20
	426	+	FEDERAL ADJUSTED GROSS INCOME GREATER THAN SIXTEEN THOUSAND21
	427	+	DOLLARS BUT LESS THAN OR EQUAL TO TWENTY THOUSAND DOLLARS ; OR22
	428	+	(C) A
	429	+	QUALIFIED INDIVIDUAL AND A NONQUALIFIED INDIVIDUAL23
	430	+	FILING A JOINT RETURN WITH A FEDERAL ADJUSTED GROSS INCOME24
	431	+	GREATER THAN SIXTEEN THOUSAND DOLLARS BUT LESS THAN OR EQUAL25
	432	+	TO TWENTY THOUSAND DOLLARS ;26
387	433		(III) E
388		-	IGHT HUNDRED DOLLARS FOR :
	434	+	IGHT HUNDRED DOLLARS FOR :27
	435	+	1268
	436	+	-12- (A) A QUALIFIED INDIVIDUAL FILING A SINGLE RETURN WHO HAS1
	437	+	A FEDERAL ADJUSTED GROSS INCOME GREATER THAN TWELVE THOUSAND2
	438	+	FIVE HUNDRED DOLLARS BUT LESS THAN OR EQUAL TO FIFTEEN THOUSAND3
	439	+	DOLLARS;4
	440	+	(B) T
	441	+	WO QUALIFIED INDIVIDUALS FILING A JOINT RETURN WITH A5
	442	+	FEDERAL ADJUSTED GROSS INCOME GREATER THAN TWENTY THOUSAND6
	443	+	DOLLARS BUT LESS THAN OR EQUAL TO TWENTY -FOUR THOUSAND7
	444	+	DOLLARS; OR8
	445	+	(C) A
	446	+	QUALIFIED INDIVIDUAL AND A NONQUALIFIED INDIVIDUAL9
	447	+	FILING A JOINT RETURN WITH A FEDERAL ADJUSTED GROSS INCOME10
	448	+	GREATER THAN TWENTY THOUSAND DOLLARS BUT LESS THAN OR EQUAL11
	449	+	TO TWENTY-FOUR THOUSAND DOLLARS ;12
	450	+	(IV) S
	451	+	IX HUNDRED DOLLARS FOR:13
	452	+	(A)
	453	+	A QUALIFIED INDIVIDUAL FILING A SINGLE RETURN WHO HAS14
	454	+	A FEDERAL ADJUSTED GROSS INCOME GREATER THAN FIFTEEN THOUSAND15
	455	+	DOLLARS BUT LESS THAN OR EQUAL TO SEVENTEEN THOUSAND FIVE16
	456	+	HUNDRED DOLLARS;17
	457	+	(B) T
	458	+	WO QUALIFIED INDIVIDUALS FILING A JOINT RETURN WITH A18
	459	+	FEDERAL ADJUSTED GROSS INCOME GREATER THAN TWENTY -FOUR19
	460	+	THOUSAND DOLLARS BUT LESS THAN OR EQUAL TO TWENTY -EIGHT20
	461	+	THOUSAND DOLLARS; OR21
	462	+	(C) A
	463	+	QUALIFIED INDIVIDUAL AND A NONQUALIFIED INDIVIDUAL22
	464	+	FILING A JOINT RETURN WITH A FEDERAL ADJUSTED GROSS INCOME23
	465	+	GREATER THAN TWENTY -FOUR THOUSAND DOLLARS BUT LESS THAN OR24
	466	+	EQUAL TO TWENTY-EIGHT THOUSAND DOLLARS ; AND25
	467	+	(V) F
	468	+	OUR HUNDRED DOLLARS FOR :26
389	469		(A) A
390		-	QUALIFIED INDIVIDUAL FILING A SINGLE RETURN WHO ~~HAS A~~
391		-	~~FEDERAL ADJUSTED GROSS INCOME GREATER THAN TWELVE THOUSAND FIVE~~
392		-	~~HUNDRED DOLLARS BUT LESS~~ THAN ~~OR EQUAL TO FIFTEEN THOUSAND~~
393		-	DOLLARS
394		-	;
	470	+	QUALIFIED INDIVIDUAL FILING A SINGLE RETURN WHO HAS27
	471	+	1268
	472	+	-13- A FEDERAL ADJUSTED GROSS INCOME GREATER THAN SEVENTEEN1
	473	+	THOUSAND FIVE HUNDRED DOLLARS BUT LESS T HAN OR EQUAL TO TWENTY2
	474	+	THOUSAND DOLLARS;3
395	475		(B) T
396		-	WO QUALIFIED INDIVIDUALS FILING A JOINT RETURN WITH A
397		-	FEDERAL ADJUSTED GROSS INCOME GREATER THAN TWENTY THOUSAND
398		-	DOLLARS BUT LESS THAN OR EQUAL TO TWENTY
399		-	-FOUR THOUSAND DOLLARS ;
400		-	OR
401		-	PAGE 9-HOUSE BILL 24-1268 (C) A QUALIFIED INDIVIDUAL AND A NONQUALIFIED INDIVIDUAL
402		-	FILING A JOINT RETURN WITH A FEDERAL ADJUSTED GROSS INCOME GREATER
403		-	THAN TWENTY THOUSAND DOLLARS BUT LESS THAN OR EQUAL TO
404		-	TWENTY
405		-	-FOUR THOUSAND DOLLARS ;
406		-	(IV) S
407		-	IX HUNDRED DOLLARS FOR:
408		-	(A)
409		-	A QUALIFIED INDIVIDUAL FILING A SINGLE RETURN WHO HAS A
410		-	FEDERAL ADJUSTED GROSS INCOME GREATER THAN FIFTEEN THOUSAND
411		-	DOLLARS BUT LESS THAN OR EQUAL TO SEVENTEEN THOUSAND FIVE
412		-	HUNDRED DOLLARS
413		-	;
414		-	(B) T
415		-	WO QUALIFIED INDIVIDUALS FILING A JOINT RETURN WITH A
416		-	FEDERAL ADJUSTED GROSS INCOME GREATER THAN TWENTY
417		-	-FOUR
418		-	THOUSAND DOLLARS BUT LESS THAN OR EQUAL TO TWENTY
419		-	-EIGHT
420		-	THOUSAND DOLLARS
421		-	; OR
422		-	(C) A QUALIFIED INDIVIDUAL AND A NONQUALIFIED INDIVIDUAL
423		-	FILING A JOINT RETURN WITH A FEDERAL ADJUSTED GROSS INCOME GREATER
424		-	THAN TWENTY
425		-	-FOUR THOUSAND DOLLARS BUT LESS THAN OR EQUAL TO
426		-	TWENTY
427		-	-EIGHT THOUSAND DOLLARS ; AND
428		-	(V) FOUR HUNDRED DOLLARS FOR :
429		-	(A) A
430		-	QUALIFIED INDIVIDUAL FILING A SINGLE RETURN WHO HAS A
431		-	FEDERAL ADJUSTED GROSS INCOME GREATER THAN SEVENTEEN THOUSAND
432		-	FIVE HUNDRED DOLLARS BUT LESS THAN OR EQUAL TO TWENTY THOUSAND
433		-	DOLLARS
434		-	;
435		-	(B) T
436		-	WO QUALIFIED INDIVIDUALS FILING A JOINT RETURN WITH A
437		-	FEDERAL ADJUSTED GROSS INCOME GREATER THAN TWENTY
438		-	-EIGHT
439		-	THOUSAND DOLLARS BUT LESS THAN OR EQUAL TO THIRTY
440		-	-TWO THOUSAND
441		-	DOLLARS
442		-	; OR
443		-	(C) A QUALIFIED INDIVIDUAL AND A NONQUALIFIED INDIVIDUAL
444		-	FILING A JOINT RETURN WITH A FEDERAL ADJUSTED GROSS INCOME GREATER
445		-	THAN TWENTY
446		-	-EIGHT THOUSAND DOLLARS BUT LESS THAN OR EQUAL TO
447		-	THIRTY
448		-	-TWO THOUSAND DOLLARS .
	476	+	WO QUALIFIED INDIVIDUALS FILING A JOINT RETURN WITH A4
	477	+	FEDERAL ADJUSTED GROSS INCOME GREATER THAN TWENTY -EIGHT5
	478	+	THOUSAND DOLLARS BUT LESS THAN OR EQUAL TO THIRTY -TWO6
	479	+	THOUSAND DOLLARS; OR7
	480	+	(C) A
	481	+	QUALIFIED INDIVIDUAL AND A NONQUALIFIED INDIVIDUAL8
	482	+	FILING A JOINT RETURN WITH A FEDERAL ADJUSTED GROSS INCOME9
	483	+	GREATER THAN TWENTY -EIGHT THOUSAND DOLLARS BUT LESS THAN OR10
	484	+	EQUAL TO THIRTY-TWO THOUSAND DOLLARS .11
449	485		(b) (I) A
450		-	QUALIFIED INDIVIDUAL WHO FILES A SINGLE RETURN AND
451		-	PAGE 10-HOUSE BILL 24-1268 HAS A FEDERAL ADJUSTED GROSS INCOME GREATER THAN TWENTY
452		-	THOUSAND DOLLARS IS NOT ALLOWED A CREDIT UNDER THIS SECTION
453		-	.
	486	+	QUALIFIED INDIVIDUAL WHO FILES A SINGLE RETURN AND12
	487	+	HAS A FEDERAL ADJUSTED GROSS INCOME GREATER THAN TWENTY13
	488	+	THOUSAND DOLLARS IS NOT ALLOWED A CREDIT UNDER THIS SECTION . 14
454	489		(II) T
455		-	WO QUALIFIED INDIVIDUALS, OR A QUALIFIED INDIVIDUAL AND
456		-	A NONQUALIFIED INDIVIDUAL
457		-	, WHO FILE A JOINT RETURN WITH A FEDERAL
458		-	ADJUSTED GROSS INCOME GREATER THAN THIRTY
459		-	-TWO THOUSAND DOLLARS
460		-	ARE NOT ALLOWED A CREDIT UNDER THIS SECTION
461		-	.
	490	+	WO QUALIFIED INDIVIDUALS, OR A QUALIFIED INDIVIDUAL15
	491	+	AND A NONQUALIFIED INDIVIDUAL , WHO FILE A JOINT RETURN WITH A16
	492	+	FEDERAL ADJUSTED GROSS INCOME GREATER THAN THIRTY -TWO17
	493	+	THOUSAND DOLLARS ARE NOT ALLOWED A CREDIT UNDER THIS SECTION .18
462	494		(c) (I) T
463		-	HE DEPARTMENT OF REVENUE SHALL ANNUALLY ADJUST FOR
464		-	INFLATION THE CREDIT AMOUNTS SET FORTH IN SUBSECTION
465		-	(4)(a) OF THIS
466		-	SECTION IF CUMULATIVE INFLATION SINCE THE LAST ADJUSTMENT
467		-	, WHEN
468		-	APPLIED TO THE CURRENT CREDIT AMOUNTS
469		-	, RESULTS IN AN INCREASE OF AT
470		-	LEAST TEN DOLLARS WHEN THE ADJUSTED CREDIT AMOUNTS ARE ROUNDED
471		-	TO THE NEAREST TEN DOLLARS
472		-	.
	495	+	HE DEPARTMENT OF REVENUE SHALL ANNUALLY ADJUST19
	496	+	FOR INFLATION THE CREDIT AMOUNTS SET FORTH IN SUBSECTION (4)(a) OF20
	497	+	THIS SECTION IF CUMULATIVE INFLATION SINCE THE LAST ADJUSTMENT ,21
	498	+	WHEN APPLIED TO THE CURRENT CREDIT AMOUNTS , RESULTS IN AN22
	499	+	INCREASE OF AT LEAST TEN DOLLARS WHEN THE ADJUSTED CREDIT23
	500	+	AMOUNTS ARE ROUNDED TO THE NEAREST TEN DOLLARS .24
473	501		(II) T
474		-	HE DEPARTMENT OF REVENUE SHALL ANNUALLY ADJUST FOR
475		-	INFLATION THE ADJUSTED GROSS INCOME AMOUNTS SET FORTH IN
476		-	SUBSECTIONS
477		-	(4)(a) AND (4)(b) OF THIS SECTION IF CUMULATIVE INFLATION
478		-	SINCE THE LAST ADJUSTMENT
479		-	, WHEN APPLIED TO THE CURRENT ADJUSTED
480		-	GROSS INCOME AMOUNTS
481		-	, RESULTS IN AN INCREASE OF AT LEAST ONE
482		-	HUNDRED DOLLARS WHEN THE ADJUSTED GROSS INCOME AMOUNTS
483		-	, AS
484		-	ADJUSTED
485		-	, ARE ROUNDED TO THE NEAREST ONE HUNDRED DOLLARS .
	502	+	HE DEPARTMENT OF REVENUE SHALL ANNUALLY ADJUST FOR25
	503	+	INFLATION THE ADJUSTED GROSS INCOME AMOUNTS SET FORTH IN26
	504	+	SUBSECTIONS (4)(a) AND (4)(b) OF THIS SECTION IF CUMULATIVE27
	505	+	1268
	506	+	-14- INFLATION SINCE THE LAST ADJUSTMENT, WHEN APPLIED TO THE CURRENT1
	507	+	ADJUSTED GROSS INCOME AMOUNTS , RESULTS IN AN INCREASE OF AT2
	508	+	LEAST ONE HUNDRED DOLLARS WHEN THE ADJUSTED GROSS INCOME3
	509	+	AMOUNTS, AS ADJUSTED, ARE ROUNDED TO THE NEAREST ONE HUNDRED4
	510	+	DOLLARS.5
486	511		(5) I
487		-	F THE CREDIT EXCEEDS THE INCOME TAXES DUE ON THE
488		-	QUALIFIED INDIVIDUAL
489		-	'S INCOME, THE AMOUNT OF THE CREDIT NOT USED TO
490		-	OFFSET INCOME TAXES IS NOT CARRIED FORWARD AND MUST BE REFUNDED
491		-	TO THE QUALIFIED INDIVIDUAL
492		-	.
	512	+	F THE CREDIT EXCEEDS THE INCOME TAXES DUE ON THE6
	513	+	QUALIFIED INDIVIDUAL'S INCOME, THE AMOUNT OF THE CREDIT NOT USED7
	514	+	TO OFFSET INCOME TAXES IS NOT CARRIED FORWARD AND MUST BE8
	515	+	REFUNDED TO THE QUALIFIED INDIVIDUAL .9
493	516		(6) A
494		-	QUALIFIED INDIVIDUAL WHO CLAIMS THE CREDIT CANNOT IN
495		-	THE SAME TAX YEAR ALSO CLAIM THE GRANT ALLOWED PURSUANT TO
496		-	SECTION
497		-	39-31-101.
	517	+	QUALIFIED INDIVIDUAL WHO CLAIMS THE CREDIT CANNOT IN10
	518	+	THE SAME TAX YEAR ALSO CLAIM THE GRANT ALLOWED PURSUANT TO11
	519	+	SECTION 39-31-101.12
498	520		(7) T
499		-	HE CREDIT RECEIVED PURSUANT TO THIS SECTION IS NOT
500		-	TREATED AS INCOME FOR PURPOSES OF DETERMINING THE ELIGIBILITY OF
501		-	ANY INDIVIDUAL FOR OLD AGE PENSION BENEFITS UNDER ARTICLE
502		-	2 OF TITLE
503		-	26.
	521	+	HE CREDIT RECEIVED PURSUANT TO THIS SECTION IS NOT13
	522	+	TREATED AS INCOME FOR PURPOSES OF DETERMINING THE ELIGIBILITY OF14
	523	+	ANY INDIVIDUAL FOR OLD AGE PENSION BENEFITS UNDER ARTICLE 2 OF15
	524	+	TITLE 26.16
504	525		(8) N
505		-	OTWITHSTANDING SECTION 39-21-304 (4), THE ~~CREDIT~~
506		-	CONTINUES INDEFINITELY
507		-	.
508		-	~~PAGE 11-HOUSE BILL 24-1268 (9) THE~~ CREDIT ALLOWED BY THIS SECTION IS ADMINISTERED ~~IN THE~~
509		-	SAME MANNER AS OTHER CREDITS AGAINST THE TAX IMPOSED ~~BY ARTICLE~~
510		-	22 OF THIS TITLE 39.
511		-	SECTION 5. In Colorado Revised Statutes, amend 39-31-105 as
512		-	follows:
513		-	39-31-105. Executive director - rule-making - collection of
514		-	erroneous payments - waiver. (1) The executive director of ~~the~~
515		-	department of revenue may promulgate rules necessary for ~~the~~
	526	+	OTWITHSTANDING SECTION 39-21-304 (4), THE CREDIT17
	527	+	CONTINUES INDEFINITELY.18
	528	+	(9) T
	529	+	HE CREDIT ALLOWED BY THIS SECTION IS ADMINISTERED IN19
	530	+	THE SAME MANNER AS OTHER CREDITS AGAINST THE TAX IMPOSED BY20
	531	+	ARTICLE 22 OF THIS TITLE 39.21
	532	+	SECTION 5. In Colorado Revised Statutes, amend 39-31-105 as22
	533	+	follows:23
	534	+	39-31-105. Executive director - rule-making - collection of24
	535	+	erroneous payments - waiver. (1) The executive director of the25
	536	+	department of revenue may promulgate rules necessary for the26
516	537		administration of this article
517		-	ARTICLE 31. Such rules shall be promulgated
518		-	in accordance with article 4 of title 24. C.R.S.
519		-	(2) If the department of revenue incorrectly pays a grant under
520		-	section 39-31-101 or 39-31-104 as a result of a departmental error, the
521		-	executive director of the department may waive the reimbursement of the
522		-	grant and any related interest or penalties that accrue.
523		-	SECTION 6. In Colorado Revised Statutes, 39-22-120, amend
524		-	(5)(c)(I) as follows:
525		-	39-22-120. Legislative declaration - state sales tax refund - offset
526		-	against state income tax. (5) (c) (I) Notwithstanding any provision of
527		-	paragraph (b) of this subsection (5)
528		-	SUBSECTION (5)(b) OF THIS SECTION to
529		-	the contrary, a qualified individual as defined in subparagraph (II) or (IV)
530		-	of paragraph (a) of subsection (2) SUBSECTION (2)(a)(II) OR (2)(a)(IV) of
531		-	this section who claims a property tax
532		-	OR HEAT OR FUEL assistance grant
533		-	pursuant to section 39-31-101 or a heat or fuel expenses assistance grantpursuant to section 39-31-104 may claim a refund authorized by this section
534		-	on the assistance grant application form described in section 39-31-102 (2).
535		-	Claiming a refund on such assistance grant application form shall be in lieu
536		-	of claiming the refund on an income tax return pursuant to paragraph (b) of
537		-	this subsection (5) SUBSECTION (5)(b) OF THIS SECTION. Any refund claimed
538		-	pursuant to this paragraph (c) shall SUBSECTION (5)(c) MUST be claimed on
539		-	or before April 15, 1999.
540		-	SECTION 7. In Colorado Revised Statutes, 39-22-2003, amend
541		-	(5)(c)(I) as follows:
542		-	39-22-2003. State sales tax refund - offset against state income
543		-	PAGE 12-HOUSE BILL 24-1268 tax - qualified individuals. (5) (c) (I) Notwithstanding any provision of
544		-	paragraph (b) of this subsection (5) SUBSECTION (5)(b) OF THIS SECTION to
545		-	the contrary, a qualified individual as defined in subparagraph (II) or (IV)
546		-	of paragraph (a) of subsection (1) SUBSECTION (1)(a)(II) OR (1)(a)(IV) of
547		-	this section who claims a property tax
548		-	OR HEAT OR FUEL assistance grant
549		-	pursuant to section 39-31-101 or a heat or fuel expenses assistance grantpursuant to section 39-31-104 may claim a refund authorized by this section
550		-	on the assistance grant application form described in section 39-31-102 (2).
551		-	Claiming a refund on such assistance grant application form shall be in lieu
552		-	of claiming the refund on an income tax return pursuant to paragraph (b) of
553		-	this subsection (5) SUBSECTION (5)(b) OF THIS SECTION. Any refund claimed
554		-	pursuant to this paragraph (c) SUBSECTION (5)(c) shall be claimed on or
555		-	before April 15 of the calendar year following the tax year for which the
556		-	refund is being claimed.
557		-	SECTION 8. Act subject to petition - effective date. This act
558		-	takes effect at 12:01 a.m. on the day following the expiration of the
559		-	ninety-day period after final adjournment of the general assembly; except
560		-	that, if a referendum petition is filed pursuant to section 1 (3) of article V
561		-	of the state constitution against this act or an item, section, or part of this act
562		-	within such period, then the act, item, section, or part will not take effect
563		-	unless approved by the people at the general election to be held in
564		-	PAGE 13-HOUSE BILL 24-1268 November 2024 and, in such case, will take effect on the date of the official
565		-	declaration of the vote thereon by the governor.
566		-	____________________________ ____________________________
567		-	Julie McCluskie Steve Fenberg
568		-	SPEAKER OF THE HOUSE PRESIDENT OF
569		-	OF REPRESENTATIVES THE SENATE
570		-	____________________________ ____________________________
571		-	Robin Jones Cindi L. Markwell
572		-	CHIEF CLERK OF THE HOUSE SECRETARY OF
573		-	OF REPRESENTATIVES THE SENATE
574		-	APPROVED________________________________________
575		-	(Date and Time)
576		-	_________________________________________
577		-	Jared S. Polis
578		-	GOVERNOR OF THE STATE OF COLORADO
579		-	PAGE 14-HOUSE BILL 24-1268
	538	+	ARTICLE 31. Such rules shall be promulgated27
	539	+	1268
	540	+	-15- in accordance with article 4 of title 24. C.R.S.1
	541	+	(2) If the department of revenue incorrectly pays a grant under2
	542	+	section 39-31-101 or 39-31-104 as a result of a departmental error, the3
	543	+	executive director of the department may waive the reimbursement of the4
	544	+	grant and any related interest or penalties that accrue.5
	545	+	SECTION 6. In Colorado Revised Statutes, 39-22-120, amend6
	546	+	(5)(c)(I) as follows:7
	547	+	39-22-120. Legislative declaration - state sales tax refund -8
	548	+	offset against state income tax. (5) (c) (I) Notwithstanding any9
	549	+	provision of paragraph (b) of this subsection (5) SUBSECTION (5)(b) OF10
	550	+	THIS SECTION to the contrary, a qualified individual as defined in11
	551	+	subparagraph (II) or (IV) of paragraph (a) of subsection (2) SUBSECTION12
	552	+	(2)(a)(II)
	553	+	OR (2)(a)(IV) of this section who claims a property tax OR HEAT13
	554	+	OR FUEL assistance grant pursuant to section 39-31-101 or a heat or fuel
	555	+	14
	556	+	expenses assistance grant pursuant to section 39-31-104 may claim a15
	557	+	refund authorized by this section on the assistance grant application form16
	558	+	described in section 39-31-102 (2). Claiming a refund on such assistance17
	559	+	grant application form shall be in lieu of claiming the refund on an18
	560	+	income tax return pursuant to paragraph (b) of this subsection (5)19
	561	+	SUBSECTION (5)(b) OF THIS SECTION. Any refund claimed pursuant to this20
	562	+	paragraph (c) shall SUBSECTION (5)(c) MUST be claimed on or before April21
	563	+	15, 1999.22
	564	+	SECTION 7. In Colorado Revised Statutes, 39-22-2003, amend23
	565	+	(5)(c)(I) as follows:24
	566	+	39-22-2003. State sales tax refund - offset against state income25
	567	+	tax - qualified individuals. (5) (c) (I) Notwithstanding any provision of26
	568	+	paragraph (b) of this subsection (5) SUBSECTION (5)(b) OF THIS SECTION27
	569	+	1268
	570	+	-16- to the contrary, a qualified individual as defined in subparagraph (II) or1
	571	+	(IV) of paragraph (a) of subsection (1) SUBSECTION (1)(a)(II) OR2
	572	+	(1)(a)(IV) of this section who claims a property tax
	573	+	OR HEAT OR FUEL3
	574	+	assistance grant pursuant to section 39-31-101 or a heat or fuel expenses
	575	+	4
	576	+	assistance grant pursuant to section 39-31-104 may claim a refund5
	577	+	authorized by this section on the assistance grant application form6
	578	+	described in section 39-31-102 (2). Claiming a refund on such assistance7
	579	+	grant application form shall be in lieu of claiming the refund on an8
	580	+	income tax return pursuant to paragraph (b) of this subsection (5)9
	581	+	SUBSECTION (5)(b) OF THIS SECTION. Any refund claimed pursuant to this10
	582	+	paragraph (c) SUBSECTION (5)(c) shall be claimed on or before April 1511
	583	+	of the calendar year following the tax year for which the refund is being12
	584	+	claimed.13
	585	+	SECTION 8. Act subject to petition - effective date. This act14
	586	+	takes effect at 12:01 a.m. on the day following the expiration of the15
	587	+	ninety-day period after final adjournment of the general assembly; except16
	588	+	that, if a referendum petition is filed pursuant to section 1 (3) of article V17
	589	+	of the state constitution against this act or an item, section, or part of this18
	590	+	act within such period, then the act, item, section, or part will not take19
	591	+	effect unless approved by the people at the general election to be held in20
	592	+	November 2024 and, in such case, will take effect on the date of the21
	593	+	official declaration of the vote thereon by the governor.22
	594	+	1268
	595	+	-17-