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Colorado · 2026 Regular Session · Bill

SB 29: Health Savings Account Tax Credit

Introduced Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

SB 29 is a bill introduced in the Colorado Senate on January 14, 2026. According to its official title, it concerns: Health Savings Account Tax Credit. Primary sponsor: John Carson (Republican). Most recent recorded action (February 3, 2026): Senate Committee on State, Veterans, & Military Affairs 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.

The bill creates an income tax credit for a resident individual's contributions to a health savings account that supports a high deductible health plan, as defined pursuant to federal law (credit). The credit is an amount equal to 25% of the amount of the contribution, limited to:$500 for a single filer;$1,000 for joint filers; and$1,500 for contributions to a family health plan.The credit is available beginning January 1, 2027, through December 31, 2032.If the credit exceeds the income taxes due on the resident individual's income, the amount of the credit not used to offset income taxes is not carried forward as tax credits against the resident individual's subsequent years' income tax liability and is not refunded to the individual.(Note: This summary applies to this bill as introduced.)

Sponsors

Sponsors by party (alphabetical): Republican 1

NameRolePartyChamberDistrict
John CarsonPrimary sponsorRepublicanSenate30

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. Senate Committee on State, Veterans, & Military Affairs Postpone Indefinitely
  2. Introduced In Senate - Assigned to State, Veterans, & Military Affairs

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source