Bill No. SB073
Summary
Status
Sponsors
Texts
Votes
Amendments
Supplements
History
Summary
Bill ID
1301665
State
CO
Title
No 529 Account Income Tax Deduction for K-12 Expenses
Description
PFPS Summary: Colorado’s SB073 amends state law to ensure that a taxpayer may not claim an income tax deduction for distributions from a "529 account" for elementary and secondary school expenses. SB073 maintains income-tax-free distributions for higher education expenses. SB073 is designed to prevent alignment with the changes in the federal “Tax Cuts and Jobs Act” of 2017, which allows tax-free distributions from 529 accounts for elementary and secondary school expenses.
Bill Type
Bill
Category
529 Accounts
Session
2020 Regular Session
Special Session
No Data Available
Status
Current Status
Failed
Status Last Updated
2020-05-26
Pending Committee
Calendar
Hearing
2020-01-22
00:00
Room SCR 352
Senate Education Committee Hearing
Hearing
2020-02-25
08:00
Room LSB-A
Senate Appropriations Committee Hearing
Hearing
2020-04-02
13:30
Room 0107
House Education Hearing
Hearing
2020-05-26
00:00
Hearing
2020-05-26
00:00
Sponsors
Sponsors
D
Sen
Brittany Pettersen
SD-022
1
0
D
Sen
Tammy Story
SD-016
2
0
D
Rep
Bri Buentello
HD-047
3
0
D
Rep
Lisa Cutter
HD-025
4
0
Texts
Texts
2020-01-10
Introduced
application/pdf
https://legiscan.com/CO/text/SB073/id/2090431
2020-02-27
Engrossed
application/pdf
https://legiscan.com/CO/text/SB073/id/2154815
2020-02-28
Engrossed
application/pdf
https://legiscan.com/CO/text/SB073/id/2156053
Votes
Votes
2020-01-22
3
2
0
5
1
S
2020-01-22
3
2
0
5
1
S
2020-02-25
6
4
0
10
1
S
2020-02-25
6
4
0
10
1
S
2020-02-28
19
15
1
35
1
S
2020-05-26
13
0
0
13
1
H
Amendments
Amendments
No data available
Supplements
Supplements
No data available
History
Progress
2020-01-10
Introduced
2020-01-10
Refer
2020-01-22
Report Pass
2020-01-22
Refer
2020-02-25
Report Pass
2020-02-25
Refer
2020-03-02
Engrossed
2020-03-02
Refer
2020-05-26
Failed
History
2020-01-10
Introduced In Senate - Assigned to Education
S
2020-01-22
Senate Committee on Education Refer Amended to Appropriations
S
2020-02-25
Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole
S
2020-02-27
Senate Second Reading Passed with Amendments - Committee, Floor
S
2020-02-28
Senate Third Reading Passed - No Amendments
S
2020-03-02
Introduced In House - Assigned to
H
2020-05-26
House Committee on Education Postpone Indefinitely
H