House Finance
The House Finance Committee sent a bipartisan 10-year extension of the Child Care Contribution Tax Credit to Appropriations after a long panel of providers warned that letting the 25-year-old incentive lapse would be catastrophic for a child care sector already short tens of thousands of slots.
Key Actions
Notable Quotes
“I can confidently say that without a doubt there'd be no child care in the region without the child care tax credit. If the credit does not get extended when we open our new building in the fall, hopefully we will have to substantially raise our fees and reduce the amount of subsidized care we can offer. It'd be catastrophic and the most vulnerable populations will suffer most.”
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Votes
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Sign in to subscribeThe committee will come to order. Please call the roll. Representatives Brooks. Present. Camacho. Excused. Garcia. Gonzale. Hartsook. Here. Marshall. Excused. Stuart. Here. Winter. Good afternoon. Zokai. Here. Tone. Hello, Mr. Chair. Here. And we've also been joined by Representative Marshall. Folks, we're hearing one bill this afternoon, House Bill 1004. Madam Speaker, Mr. Minority Leader, who'd like to go first? Madam speaker. Thank you, Mr. Chair. And good afternoon, members. A delight to be here along with my co prime, Minority Leader Caldwell to present to you House Bill 1004. I first want to thank the many partners who've been working on the child care contribution tax credit, which includes EPIC executives partnering to invest in Children, the Colorado Children's Campaign, Mile High, United Way, Big Brothers, Big Sisters of Colorado, our YMCAs, and countless early childhood learning providers, after school providers all across our state. Really too many to list. Let me just briefly explain what the CCTC is and what our bill does. The Child Care Contribution Tax credit is a 50% state income tax credit for individuals who make cash donations up to $100,000 to child care programs. That includes programs like licensed child care centers,…
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