Extends Colorado homeless contribution tax credit through income tax year 2030.

The bill extends the Colorado homeless contribution tax credit, allowing taxpayers to claim the credit through state income tax year 2030. The credit incentivizes contributions to approved nonprofit organizations providing housing and services to individuals and families experiencing homelessness. The credit is equal to twenty-five percent of the total value of the contribution, subject to certain limitations. The tax expenditure has successfully leveraged private investment and civic engagement in Colorado-based service providers for individuals and families experiencing homelessness.

Extends Colorado homeless contribution tax credit through income tax year 2030.

The bill extends the Colorado homeless contribution tax credit, allowing taxpayers to claim the credit through state income tax year 2030. The credit incentivizes contributions to approved nonprofit organizations providing housing and services to individuals and families experiencing homelessness. The credit is equal to twenty-five percent of the total value of the contribution, subject to certain limitations. The tax expenditure has successfully leveraged private investment and civic engagement in Colorado-based service providers for individuals and families experiencing homelessness.