| Notice Filed with SOS |
12/28/2018 |
| Rule |
ProposedRuleAttach2018-00714.doc |
| Additional Information |
AddInfoAttach2018-00714.doc |
| Statutory Authority |
§ 39-21-112(1) and § 39-22-119, C.R.S. |
| Description of Subjects/Issues |
Child Care Expenses Tax Credit - The purpose of this amendment is to conform to statutory changes made by House Bill 18-1208, which expanded the child care expenses tax credit beginning with tax years on or after January 1, 2019. Beginning January 1, 2019, taxpayers with a federal adjusted gross income equal to or below $60,000 may claim a child care expense credit against their Colorado income tax liability in the amount of 50% of the federal tax credit. Additionally, the Division is proposing to remove paragraph (2) because it is no longer applicable. Additional grammatical and stylistic changes are proposed in order to improve readability. |
| Purpose/Objective of Rule |
The purpose of this amendment is to conform to statutory changes made by House Bill 18-1208, which expanded the child care expenses tax credit beginning with tax years on or after January 1, 2019. |
| Basis And Purpose |
BasisAndPurposeAttachment2018-00714.doc
|
| Comments |
Written comments on proposed rules will be accepted until the close of the hearing on January 31, 2019. Please submit comments via email to dor_taxrules@state.co.us |
| Submitted in response to issues raised by COLS/OLLS? |
No
|
| Is this rule adopted in response to recent legislation? |
Yes
|
| Recent legislation bill number |
HB18-1208
|
| Hearing Date |
01/31/2019 |
| Hearing Time |
09:00 AM |
| Hearing Location |
1313 Sherman Street, Room 220, Denver, CO 80203 |
| Contact Name |
Josh Pens |
| Contact Title |
Director of Tax Policy Analysis |
| Contact Telephone |
303 866 3036 |
| Contact email |
josh.pens@state.co.us |