Extends the child care contribution tax credit for 10 years to support child care providers.

The bill extends the child care contribution tax credit, allowing taxpayers who make qualifying monetary contributions to promote child care in Colorado to receive a credit equal to 50% of the contribution, up to $100,000. This extension is set to last for 10 years. The Department of Revenue is required to develop recommendations for improving the tax credit's structure, oversight, and administration, as well as mechanisms to inform taxpayers and eligible child care facilities about the credit's availability.

Extends the child care contribution tax credit for 10 years to support child care providers.

The bill extends the child care contribution tax credit, allowing taxpayers who make qualifying monetary contributions to promote child care in Colorado to receive a credit equal to 50% of the contribution, up to $100,000. This extension is set to last for 10 years. The Department of Revenue is required to develop recommendations for improving the tax credit's structure, oversight, and administration, as well as mechanisms to inform taxpayers and eligible child care facilities about the credit's availability.