DENVER, CO – Legislation to support child care facilities and save Colorado families money passed the House on a preliminary vote today. HB23-1091, sponsored by Representatives Cathy Kipp and Assistant Minority Leader Rose Pugliese, would extend the child care contribution tax credit through 2027.
“Colorado’s child care system has been stretched thin, so we’re working to continue tax credits to support facilities and help make child care more affordable and accessible,”said Rep. Cathy Kipp, D-Fort Collins. “Having access to quality child care sets children up for success later in life, helps people get back to work and supports our growing state. Our legislation encourages charitable donations that invest in our community child care facilities, enhance children’s learning and ultimately save Coloradans money.”
HB23-1091 would continue to encourage charitable contributions to uplift and support child care facilities in Colorado by saving Coloradans money. Specifically, this bill extends the child care contribution tax credit through tax year 2027. The credit would be available at 50% of the contribution amount up to $100,000 to Coloradans who make a monetary contribution to promote child care in Colorado.
Tax credits are available to those who contribute to facilities, schools, or programs that provide child care, programs that train child care providers, and grant or loan programs for parents requiring financial assistance for child care purposes.