republic-os/legislation/us/states/co/2023a/hb-23-1189.md

type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags

type	title	description	jurisdiction	legislature	session	identifier	citation	classification	subjects	status	primary_sponsors	version_count	action_count	vote_count	first_action	last_action	source	source_identifier	source_url	source_hash	vintage	source_snapshot	retrieved_at	confidence	tags
Bill	Employer Assistance For Home Purchase Tax Credit	The act creates a state income tax credit for income tax years commencing on or after January 1, 2024, but before January 1, 2027, for employers who make a monetary contribution to an employee for use by the employee in purchasing a primary residence. The amount of the credit allowed is 5% of an employer's contribution to an employee, but the credit is capped at $5,000 per employee per year and an employer cannot receive a credit of more than $500,000 for all contributions made in a year to employees. The employee must use the money contributed for eligible expenses which include a down payment and closing costs, including fees for appraisals, mortgage origination, and inspections. An employee may authorize their employer to withhold a specified amount of the employee's earnings as an employee contribution into the savings account established by the employer that holds the employer contribution. If an employee ends their employment with the employer or if the employee intends to use the employee contribution in a manner that is not consistent with an eligible expense, the employee forfeits any unexpended amount of the employer contribution and the amount of the credit allowed to the employer for the employer contribution is subject to recapture. In such an occurrence, the employee is entitled to the employee contribution, plus any interest earned. The credit is not refundable but may be carried forward by the employer for a period of not more than 5 years. The executive director of the department of revenue may promulgate rules related to the implementation of the credit.	us/states/co	Colorado General Assembly	2023A	HB 23-1189	Colorado HB 23-1189 (2023A)	bill		enacted	Kyle Mullica Rachel Zenzinger Ron Weinberg Shannon Bird	10	16	4	2023-02-10T07:00:00+00:00	2023-06-07T06:00:00+00:00	openstates	ocd-bill/73ff6e27-2fdf-49b7-b187-04c23f7bf40e	https://leg.colorado.gov/bills/hb23-1189	bcc2345aaed0f07dee59be6782f4821d8b0299a399bb73b15249de3a539623cc	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-co

Colorado HB 23-1189 (2023A) — Employer Assistance For Home Purchase Tax Credit

The act creates a state income tax credit for income tax years commencing on or after January 1, 2024, but before January 1, 2027, for employers who make a monetary contribution to an employee for use by the employee in purchasing a primary residence. The amount of the credit allowed is 5% of an employer's contribution to an employee, but the credit is capped at $5,000 per employee per year and an employer cannot receive a credit of more than $500,000 for all contributions made in a year to employees. The employee must use the money contributed for eligible expenses which include a down payment and closing costs, including fees for appraisals, mortgage origination, and inspections. An employee may authorize their employer to withhold a specified amount of the employee's earnings as an employee contribution into the savings account established by the employer that holds the employer contribution. If an employee ends their employment with the employer or if the employee intends to use the employee contribution in a manner that is not consistent with an eligible expense, the employee forfeits any unexpended amount of the employer contribution and the amount of the credit allowed to the employer for the employer contribution is subject to recapture. In such an occurrence, the employee is entitled to the employee contribution, plus any interest earned. The credit is not refundable but may be carried forward by the employer for a period of not more than 5 years. The executive director of the department of revenue may promulgate rules related to the implementation of the credit.

Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. Committee Amendment (committee substitute) — source
2. Engrossed (04/29/2023) (committee substitute) — source
3. Final Act (05/22/2023) (committee substitute) — source
4. Introduced (02/10/2023) (committee substitute) — source
5. PA1 (04/28/2023) (committee substitute) — source
6. PA2 (05/05/2023) (committee substitute) — source
7. Reengrossed (05/01/2023) (committee substitute) — source
8. Rerevised (05/06/2023) (committee substitute) — source
9. Revised (05/05/2023) (committee substitute) — source
10. Signed Act (06/07/2023) (committee substitute) — source

Votes

• BILL — 27–7 (pass) · upper
• BILL — 47–16 (pass) · lower
• CONCUR — 48–15 (pass) · lower
• REPASS — 47–16 (pass) · lower

Sponsors

• Kyle Mullica — primary (person)
• Rachel Zenzinger — primary (person)
• Ron Weinberg — primary (person)
• Shannon Bird — primary (person)

Timeline

The legislative action history — every referral, reading, and vote.

• 2023-06-07T06:00:00+00:00 Governor Signed executive-signature
• 2023-05-22T06:00:00+00:00 Sent to the Governor executive-receipt
• 2023-05-22T06:00:00+00:00 Signed by the President of the Senate
• 2023-05-22T06:00:00+00:00 Signed by the Speaker of the House
• 2023-05-07T06:00:00+00:00 House Considered Senate Amendments - Result was to Concur - Repass
• 2023-05-06T06:00:00+00:00 Senate Third Reading Passed - No Amendments passage, reading-3
• 2023-05-05T06:00:00+00:00 Senate Second Reading Special Order - Passed with Amendments - Committee
• 2023-05-05T06:00:00+00:00 Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole committee-passage, referral-committee
• 2023-05-04T06:00:00+00:00 Senate Committee on Finance Refer Amended to Appropriations referral-committee
• 2023-05-01T06:00:00+00:00 Introduced In Senate - Assigned to Finance introduction
• 2023-05-01T06:00:00+00:00 House Third Reading Passed - No Amendments passage, reading-3
• 2023-04-29T06:00:00+00:00 House Second Reading Special Order - Passed with Amendments - Committee, Floor
• 2023-04-28T06:00:00+00:00 House Second Reading Special Order - Laid Over Daily - No Amendments
• 2023-04-28T06:00:00+00:00 House Committee on Appropriations Refer Amended to House Committee of the Whole committee-passage, referral-committee
• 2023-02-27T07:00:00+00:00 House Committee on Finance Refer Unamended to Appropriations referral-committee
• 2023-02-10T07:00:00+00:00 Introduced In House - Assigned to Finance introduction

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/73ff6e27-2fdf-49b7-b187-04c23f7bf40e. Confidence: reported (aggregated from official Colorado legislature records).