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ColoradoHB25-13352025 Regular SessionHouseWALLET

Tax Credit Availability

Sponsored By: Barbara Kirkmeyer (Republican), Emily Sirota (Democratic), Jeff Bridges (Democratic), Rick Taggart (Republican)

Signed by Governor

Fiscal Policy & Taxes

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Colorado Changes Rules for Household Tax Credits

Beginning with tax year 2025, Colorado changes calculations for its family affordability and earned income tax credits. The baseline is the March 2024 state budget office forecast of fiscal year 2024-25 revenue, rather than actual revenue. The formula measures compound annual growth from that baseline to projected revenue for the fiscal year beginning during each tax year. That growth helps determine whether the credits are available and how much eligible households receive. This law does not state the growth thresholds or credit amounts.

Sponsors & Cosponsors

Sponsors

  • Barbara Kirkmeyer

    Republican • Senate

  • Emily Sirota

    Democratic • House

  • Jeff Bridges

    Democratic • Senate

  • Rick Taggart

    Republican • House

Cosponsors

  • Junie Joseph

    Democratic • House

  • Julie McCluskie

    Democratic • House

  • Cathy Kipp

    Democratic • Senate

Roll Call Votes

All Roll Calls

Yes: 107 • No: 9

Senate vote • 5/5/2025

Third reading: Bill

Yes: 34 • No: 1

Senate vote • 5/2/2025

Refer House Bill 25-1335 to the Committee of the Whole and with a recommendation that it be placed on the consent calendar.

Yes: 7 • No: 0

House vote • 5/2/2025

Third reading: Bill

Yes: 56 • No: 7

House vote • 5/1/2025

Refer House Bill 25-1335, as amended, to the Committee of the Whole.

Yes: 10 • No: 1

Actions Timeline

  1. Governor Signed

    6/3/2025House

  2. Signed by the Speaker of the House

    5/13/2025House

  3. Signed by the President of the Senate

    5/13/2025Senate

  4. Sent to the Governor

    5/13/2025House

  5. Senate Third Reading Passed - No Amendments

    5/5/2025Senate

  6. House Third Reading Passed - No Amendments

    5/2/2025House

  7. Introduced In Senate - Assigned to Appropriations

    5/2/2025Senate

  8. Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole

    5/2/2025Senate

  9. Senate Second Reading Special Order - Passed - No Amendments

    5/2/2025Senate

  10. House Committee on Appropriations Refer Amended to House Committee of the Whole

    5/1/2025House

  11. House Second Reading Special Order - Passed with Amendments - Committee

    5/1/2025House

  12. Introduced In House - Assigned to Appropriations

    4/29/2025House

Bill Text

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