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Legislative Year: 2024 Change

Bill Detail: HB24-1434

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Title Expand Affordable Housing Tax Credit
Status House Considered Senate Amendments - Result was to Concur - Repass (05/08/2024)
Bill Subjects
  • Fiscal Policy & Taxes
  • Housing
House Sponsors S. Bird (D)
R. Weinberg (R)
Senate Sponsors R. Zenzinger (D)
C. Simpson (R)
House Committee Finance
Senate Committee Finance
Date Introduced 04/01/2024

The bill expands the affordable housing tax credit by increasing
the credit amounts that the Colorado housing and finance authority
(authority) may allocate to qualified taxpayers by the following amounts:
  • $20,000,000 for credits allocated in 2024;
  • $20,000,000 for credits allocated in 2025;
  • $20,000,000 for credits allocated in 2026;
  • $16,000,000 for credits allocated in 2027;
  • $16,000,000 for credits allocated in 2028;
  • $16,000,000 for credits allocated in 2029;
  • $10,000,000 for credits allocated in 2030; and
  • $10,000,000 for credits allocated in 2031.
The bill also accelerates the credit by requiring that a qualified taxpayer
claim 70% of the total amount of the credit awarded by the authority in
the first year of the credit period and claim 6% of the total amount of the
credit awarded by the authority in each of the second through sixth years
of the credit period.

Committee Reports
with Amendments
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (05/05/2024) (most recent)  
Additional Bill Documents Bill Documents
  • Past bill versions
  • Past fiscal notes
  • Committee activity and documents
  • Bill History
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Votes House and Senate Votes
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