Colorado · 2025 Regular Session · Bill
HB 25-1045: Modify Long-Term Care Insurance Income Tax Credit
Introduced Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
HB 25-1045 is a bill introduced in the Colorado House on January 8, 2025. According to its official title, it concerns: Modify Long-Term Care Insurance Income Tax Credit. Primary sponsor: Larry Liston (Republican), Junie Joseph (Democratic). It lists 3 additional sponsors. Most recent recorded action (January 27, 2025): House Committee on Finance Postpone Indefinitely.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Legislative Oversight Committee Concerning Tax Policy. For income tax years commencing on or after January 1, 2025, the bill both: Increases the amount of federal taxable income a taxpayer may have and still qualify for the state income tax credit for purchasing long-term care insurance and annually adjusts that federal taxable income amount for inflation; and Doubles the amount of the credit a taxpayer may claim and, for income tax years commencing on or after January 1, 2026, annually adjusts the credit amount for inflation. (Note: This summary applies to this bill as introduced.)
Sponsors
Sponsors by party (alphabetical): Democratic 3 · Republican 2
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Larry Liston | Primary sponsor | Republican | Senate | 10 |
| Junie Joseph | Primary sponsor | Democratic | House | 10 |
| Lisa Frizell | Co-sponsor | Republican | Senate | 2 |
| Kyle Mullica | Co-sponsor | Democratic | Senate | 24 |
| Mike Weissman | Co-sponsor | Democratic | Senate | 28 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- House Committee on Finance Postpone Indefinitely
- Introduced In House - Assigned to Finance