HB 25-1052: Income Tax Credit for Public Employees' Retirement Association Retirees

Summary

Pension Review Commission. The bill creates a refundable income tax credit that is available for income tax years commencing on or after January 1, 2025, but prior to January 1, 2027, for a qualifying public employees' retirement association retiree, which means a full-time Colorado resident individual who: Is 65 years of age or older at the end of the 2025 or 2026 income tax year; and Has an annual federal adjusted gross income of no more than $38,000 as a single filer or $76,000 as a joint filer.(Note: This summary applies to this bill as introduced.)

Latest recorded action

House Committee on Finance Postpone Indefinitely

Jan 27, 2025

This is the latest action supplied by the source, not the full legislative history.

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