Colorado 2025 Regular Session

Colorado House Bill HB1037 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	First Regular Session
2	2	Seventy-fifth General Assembly
3	3	STATE OF COLORADO
4	4	INTRODUCED
5	5
6	6
7	7	LLS NO. 25-0570.01 Jason Gelender x4330
8	8	HOUSE BILL 25-1037
9	9	House Committees Senate Committees
10	10	Finance
11	11	A BILL FOR AN ACT
12	12	C
13	13	ONCERNING A STATE INCOME TAX CREDIT FOR A LICENSED TEACHER101
14	14	WHO IS EMPLOYED AS A TEACHER IN A PUBLIC SCHOOL ON A102
15	15	FULL-TIME BASIS FOR AT LEAST ONE -HALF OF AN ACADEMIC103
16	16	YEAR.104
17	17	Bill Summary
18	18	(Note: This summary applies to this bill as introduced and does
19	19	not reflect any amendments that may be subsequently adopted. If this bill
20	20	passes third reading in the house of introduction, a bill summary that
21	21	applies to the reengrossed version of this bill will be available at
22	22	http://leg.colorado.gov
23	23	.)
24	24	For income tax years commencing on or after January 1, 2025, but
25	25	before January 1, 2027, the bill allows a refundable state income tax
26	26	credit, which is intended to offset the various expenses that licensed
27	27	HOUSE SPONSORSHIP
28	28	Marshall and Soper,
29	29	SENATE SPONSORSHIP
30	30	Frizell and Mullica,
31	31	Shading denotes HOUSE amendment. Double underlining denotes SENATE amendment.
32	32	Capital letters or bold & italic numbers indicate new material to be added to existing law.
33	33	Dashes through the words or numbers indicate deletions from existing law. teachers often incur throughout an academic year for classroom supplies,
34	34	professional development costs, supplemental educational materials, field
35	35	trips, and other items that improve the quality of the educational services
36	36	that they provide, to a licensed teacher who is employed as a teacher in
37	37	a public school on a full-time basis for at least one-half of an academic
38	38	year (eligible teacher) during the income tax year for which the credit is
39	39	claimed. The amount of the credit is $1,000 for an eligible teacher who
40	40	is employed for the equivalent of an entire academic year and $500 for an
41	41	eligible teacher who is employed for one-half of an academic year. Two
42	42	eligible teachers who file a joint income tax return may each claim the
43	43	credit.
44	44	Be it enacted by the General Assembly of the State of Colorado:1
45	45	SECTION 1. In Colorado Revised Statutes, add 39-22-571 as2
46	46	follows:3
47	47	39-22-571. Credit - licensed teachers - tax preference4
48	48	performance statement - legislative declaration - definitions - repeal.5
49	49	(1) (a) T
50	50	HE GENERAL ASSEMBLY FINDS AND DECLARES THAT :6
51	51	(I) L
52	52	ICENSED TEACHERS WHO TEACH IN PUBLIC SCHOOLS OFTEN7
53	53	SPEND THEIR OWN MONEY TO PAY FOR CLASSROOM SUPPLIES ,8
54	54	PROFESSIONAL DEVELOPMENT COSTS , SUPPLEMENTAL EDUCATIONAL9
55	55	MATERIALS, FIELD TRIPS, AND OTHER ITEMS THAT IMPROVE THE QUALITY10
56	56	OF THE EDUCATIONAL SERVICES THAT THEY PROVIDE ;11
57	57	(II) T
58	58	HESE ITEMS PURCHASED BY LICENSED TEACHERS WITH THEIR12
59	59	OWN MONEY BENEFIT THEIR STUDENTS AND THE PUBLIC , AND THE PUBLIC13
60	60	SHOULD BE RESPONSIBLE FOR BEARING THEIR COSTS ; AND14
61	61	(III) T
62	62	HE INCOME TAX CREDIT CREATED IN THIS SECTION IS15
63	63	INTENDED TO SHIFT SOME OF THE COSTS CURRENTLY INCURRED BY16
64	64	LICENSED TEACHERS WHO TEACH IN PUBLIC SCHOOLS THAT SHOULD BE17
65	65	INCURRED BY THE PUBLIC FROM LICENSED TEACHERS TO THE PUBLIC .18
66	66	(b) I
67	67	N ACCORDANCE WITH SECTION 39-21-304 (1), WHICH19
68	68	HB25-1037-2- REQUIRES EACH BILL THAT CREATES A NEW TAX EXPENDITURE TO INCLUDE1
69	69	A TAX PREFERENCE PERFORMANCE STATEMENT AS PART OF A STATUTORY2
70	70	LEGISLATIVE DECLARATION, THE GENERAL ASSEMBLY FURTHER FINDS AND3
71	71	DECLARES THAT THE PURPOSE OF THE TAX CREDIT CREATED IN THIS4
72	72	SECTION IS TO PROVIDE TAX RELIEF FOR ELIGIBLE TEACHERS . THE5
73	73	GENERAL ASSEMBLY AND THE STATE AUDITOR SHALL MEASURE THE6
74	74	EFFECTIVENESS OF THE CREDIT IN ACHIEVING THIS PURPOSE BASED ON THE7
75	75	NUMBER AND VALUE OF CREDITS CLAIMED .8
76	76	(2) A
77	77	S USED IN THIS SECTION, UNLESS THE CONTEXT OTHERWISE9
78	78	REQUIRES:10
79	79	(a) "A
80	80	CADEMIC YEAR" HAS THE SAME MEANING AS SET FORTH IN11
81	81	SECTION 22-63-103 (1).12
82	82	(b) "E
83	83	LIGIBLE TEACHER" MEANS A TEACHER WHO IS EMPLOYED13
84	84	FULL-TIME AS A TEACHER FOR AT LEAST ONE-HALF OF AN ACADEMIC YEAR.14
85	85	(c) "O
86	86	NE-HALF OF AN ACADEMIC YEAR " MEANS EITHER THE15
87	87	PORTION OF AN ACADEMIC YEAR THAT BEGINS IN JANUARY OF AN INCOME16
88	88	TAX YEAR OR THE PORTION OF AN ACADEMIC YEAR THAT ENDS IN17
89	89	D
90	90	ECEMBER OF AN INCOME TAX YEAR .18
91	91	(d) "P
92	92	UBLIC SCHOOL" MEANS A SCHOOL OF A SCHOOL DISTRICT, A19
93	93	CHARTER SCHOOL AUTHORIZED BY A SCHOOL DISTRICT PURS UANT TO PART20
94	94	1
95	95	OF ARTICLE 30.5 OF TITLE 22, A CHARTER SCHOOL AUTHORIZED BY THE21
96	96	STATE CHARTER SCHOOL INSTITUTE PURSUANT TO PART 5 OF ARTICLE 30.522
97	97	OF TITLE 22, OR A BOARD OF COOPERATIVE SERVICES CREATED AND23
98	98	OPERATING PURSUANT TO ARTICLE 5 OF TITLE 22.24
99	99	(e) "T
100	100	EACHER" MEANS A RESIDENT INDIVIDUAL WHO HOLDS A25
101	101	VALID TEACHER LICENSE OF ANY TYPE DESCRIBED IN SECTION 22-60.5-20126
102	102	AND IS EMPLOYED TO INSTRUCT STUDENTS IN ANY PUBLIC SCHOOL IN THE27
103	103	HB25-1037
104	104	-3- STATE.1
105	105	(3) (a) F
106	106	OR INCOME TAX YEARS COMMENCING ON OR AFTER2
107	107	J
108	108	ANUARY 1, 2025, BUT BEFORE JANUARY 1, 2027, AN ELIGIBLE TEACHER3
109	109	IS ALLOWED A CREDIT AGAINST THE INCOME TAXES IMPOSED BY THIS4
110	110	ARTICLE 22 IN THE AMOUNT OF:5
111	111	(I) O
112	112	NE THOUSAND DOLLARS IF THE ELIGIBLE TEACHER IS6
113	113	EMPLOYED FULL-TIME AS A TEACHER FOR BOTH ONE -HALF OF AN7
114	114	ACADEMIC YEAR THAT BEGINS IN JANUARY OF THE INCOME TAX YEAR FOR8
115	115	WHICH A CREDIT IS CLAIMED AND ONE-HALF OF AN ACADEMIC YEAR THAT9
116	116	ENDS IN DECEMBER OF THAT INCOME TAX YEAR ; OR10
117	117	(II) F
118	118	IVE HUNDRED DOLLARS IF THE ELIGIBLE TEACHER IS11
119	119	EMPLOYED FULL-TIME AS A TEACHER FOR EITHER ONE -HALF OF AN12
120	120	ACADEMIC YEAR THAT BEGINS IN JANUARY OF THE INCOME TAX YEAR FOR13
121	121	WHICH A CREDIT IS CLAIMED OR ONE-HALF OF AN ACADEMIC YEAR THAT14
122	122	ENDS IN DECEMBER OF THAT INCOME TAX YEAR , BUT NOT BOTH.15
123	123	(b) T
124	124	WO ELIGIBLE TEACHERS WHO FILE A JOINT RETURN MAY EACH16
125	125	CLAIM THE CREDIT IN THE APPLICABLE AMOUNT SPECIFIED IN EITHER17
126	126	SUBSECTION (3)(a)(I) OR (3)(a)(II) OF THIS SECTION.18
127	127	(c) T
128	128	HE AMOUNT OF THE CREDIT UNDER THIS SECTION THAT19
129	129	EXCEEDS THE ELIGIBLE TEACHER'S INCOME TAXES DUE IS REFUNDED TO20
130	130	THE ELIGIBLE TEACHER.21
131	131	(4) T
132	132	HIS SECTION IS REPEALED, EFFECTIVE DECEMBER 31, 2031.22
133	133	SECTION 2. Act subject to petition - effective date. This act23
134	134	takes effect at 12:01 a.m. on the day following the expiration of the24
135	135	ninety-day period after final adjournment of the general assembly; except25
136	136	that, if a referendum petition is filed pursuant to section 1 (3) of article V26
137	137	of the state constitution against this act or an item, section, or part of this27
138	138	HB25-1037
139	139	-4- act within such period, then the act, item, section, or part will not take1
140	140	effect unless approved by the people at the general election to be held in2
141	141	November 2026 and, in such case, will take effect on the date of the3
142	142	official declaration of the vote thereon by the governor.4
143	143	HB25-1037
144	144	-5-