DENVER, CO - Governor Polis today signed a bipartisan bill to support child care facilities and save Colorado families money. HB23-1091, sponsored by Representative Cathy Kipp, would extend the child care contribution tax credit through 2027.
“Quality child care is a significant investment for each family and a crucial factor in childhood development, leading to success later in life,” said Rep. Cathy Kipp, D-Fort Collins. “With this bill becoming law today, we’re supporting child care providers and facilities to make child care more affordable and accessible for hardworking Colorado families.”
HB23-1091, also sponsored by Republican Assistant Minority Leader Rose Pugliese, continues 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 is 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.