Gov. Jared Polis signed House Bill 24-1084 Repeal & Reenact Earned Income Tax Credit Increase Jan. 31. The bill was sponsored by Reps. Jenny Willford and Mary Young, and Sens. Chris Kolker and Rhonda Fields. It was approved by the General Assembly on Jan. 26.
This law repeals and reenacts HB23B-1002, which increases the Earned Income Tax Credit from 25% to 50%, with the intent to help Colorado families use their money on essentials like food, housing and transportation, according to a press release from the governor’s office.