Colorado

State Income Tax: 4.63% of federal adjusted income

State EITC? Yes *suspended

Refundable/Non-refundable: Refundable

Enacted: 1999

Percentage of Credit: 10% of federal EITC

For More Information:
Kathy White, Project Coordinator
Colorado Fiscal Policy Institute
The Cairns Building
727 E. 16th Avenue
Denver, CO 80203

Phone: (303) 573-5173 x 303
Fax: (303) 573-4947
Email: ccenter@cclponline.org
Web Site: www.cclponline.org

Rich Jones, Director of Research and Policy
The Bell Policy Center
1801 Broadway, Suite 280
Denver, Colorado 80202

Phone: (303) 297-0456
Fax: (303) 297-0460
Email: jones@thebell.org
Web Site: www.thebell.org

Notes: Colorado's state EITC is contingent upon the state having surplus revenue and there is no surplus revenue this year. It has been forecasted that the state will not have a surplus for another 4-6 years. The coalition continue to advocate to both increase the EITC and make the EITC permanent rather than based on revenue surplus. A bill has been introduced for the 2008 legislative session to restore the state EITC using other funding mechanisms.

Sample Materials:

Legislation

Fact Sheets

• Colorado Fiscal Policy Institute Fact Sheet "Bill to Restore the State Earned Income Tax Credit"
• Colorado Fiscal Policy Institute Fact Sheet “Earned Income Tax Credit”
  March, 2004
  PDF File
• CBPP State Fact Sheet
  2002
  PDF File
• Institute on Taxation and Economic Policy “Colorado Taxes Hit Poor & Middle Class Much Harder than the Wealthy” January 7, 2003
  PDF File

Policy Briefs/Report

• The Bell Policy Center "The Earned Income Tax Credit in Colorado: An Overview" Febuary, 2005
  Press Release on Issue Brief.

Op-Eds/Testimony