Plain English Breakdown
The provided text does not define what a tax credit is or explain how it works, so definitions were removed to avoid adding outside information.
Extension of the Colorado Homeless Contribution Tax Credit
This law extends the time taxpayers can claim a tax credit for donations to homeless organizations through state income tax year 2030.
What This Bill Does
- Changes the end date for claiming the homeless contribution tax credit from 2026 to 2030.
Limits and Unknowns
- The official summary does not specify how much money a taxpayer can claim.
- The official summary does not list the rules for which organizations qualify.
- No specific effective date is listed in the provided text.