This bill updates Colorado’s child support guidelines based on recommendations from the Child Support Commission.
Key Changes:
Updated Child Support Guidelines Schedule
Adjusts the income brackets used to calculate child support to reflect current economic conditions.
Expanded Low-Income Adjustments
Increases the monthly income range eligible for reduced child support payments for low-income parents.
New Parenting Time Credit Formula
Replaces the current credit system with a new formula that credits parents for all overnights spent with their child.
Aims to provide a more equitable calculation of financial responsibility.
Potential Impacts:
Ensures child support calculations remain fair as cost-of-living changes.
Provides better financial relief to low-income parents while maintaining child support obligations.
More accurate parenting time credit may reduce disputes and encourage shared parenting.
Summary
The bill implements the legislative recommendations of the child
support commission by updating the child support guidelines schedule, updating the monthly incomes eligible for a reduced low-income adjustment, and replacing the current parenting time credit with a formula that provides parents credit for all overnights spent with that parent.
