The Colorado Department of Revenue, Division of Taxation, is set to ignite positive change in childcare accessibility through a comprehensive study of the Colorado Childcare Contribution Credit.
A series of workgroup meetings, beginning on January 23, 2024, will focus on enhancing the credit’s structure, oversight, and administration, ensuring it equitably promotes childcare in all communities. In this article, we will explore the details of the plan proposed by the Colorado Childcare Contribution Credit Workgroup and its potential implications for families and childcare providers.
Colorado Child Care Contribution Credit
| Category | Details |
| Update | Child Care Contribution Credit |
| Location | Colorado |
| Effective date
|
January 23, 2024 |
| Official website | here |
The workgroup aspects
The workgroup, established pursuant to House Bill 23-1091, will tackle critical aspects:
- Structural Improvements: The Department aims to refine the credit’s structure, oversight, and administration. This includes seeking public input on what’s working well and areas that need improvement.
- Informing Taxpayers: Mechanisms to inform taxpayers and eligible childcare facilities about the credit will be explored, enhancing awareness and accessibility.
- Equitable Promotion: Ensuring the credit promotes childcare equitably in all communities is a key focus. Suggestions will be sought to improve visibility and equity across the state.
- In-Kind Real Property Donations: Exploring the viability of in-kind real property donations as eligible contributions to promote child care will be discussed.
Meeting Schedule
- January 23, 2024: Background and current administration of the credit, seeking public input on structure, oversight, and administration.
- February 22, 2024: Discussion on the credit’s equitable promotion in all communities, with suggestions to enhance equity and visibility.
- March 27, 2024: Exploration of the viability of donations of in-kind real property and administration details.
How to Engage
- Attend the Workgroup Meeting: Scheduled for January 23, 2024, at 10 a.m., at 1881 Pierce Street, Entrance B, Room 110, Lakewood, CO 80214. Virtual participation via Zoom is available. [Register here](link_to_registration).
- Submit Comments: Provide feedback by 5:00 p.m. on January 23, 2024, via email to DOR_TaxPolicy@state.co.us. Specific suggestions on the existing statute, rule, guidance, and form are encouraged.
Stay Connected
- [Virtual Workgroup Guide](DOR_TaxPolicy@state.co.us ): Guidance for virtual participants.
- [Child Care Contribution Credit Information Page](Child Care Contribution Credit Information Page.): Stay informed on related statutes, rules, and guidance publications.
The Department encourages active participation to shape recommendations on the Colorado Child Care Contribution Credit. Together, let’s pave the way for improved childcare access across the state.
Key points
| Topic | Summary |
|---|---|
| Purpose | To improve the Colorado Child Care Contribution Credit and enhance child care access and equity statewide. |
| Meetings | Three scheduled workgroup meetings on January 23, 2024, February 22, 2024, and March 27, 2024. |
| Discussion Points | Improving credit structure, oversight, and administration; informing taxpayers and child care facilities; promoting equity in all communities; exploring in-kind real property donations. |
| Participation Options | In-person attendance on January 23, 2024, at 1881 Pierce Street, Lakewood, CO 80214, or virtual participation via Zoom. |
| Registration | Virtual participants are encouraged to register online. |
| Feedback | Participants are urged to submit written comments by 5:00 p.m. on January 23, 2024, via email to DOR_TaxPolicy@state.co.us. |
| Recordings | Workgroup meetings will be recorded and available for review. |
| Resources | Virtual Workgroup Guide and additional information on the Child Care Contribution Credit available online. |
| Contact | Phone Number: 1 (669) 900-6833, Meeting ID: 886 0921 7165, Email: DOR_TaxPolicy@state.co.us. |
Bottom line: Colorado Childcare Contribution Credit
The Colorado Department of Revenue’s initiative to revamp the Colorado Child Care Contribution Credit takes a significant step towards improving childcare accessibility. Through a series of workgroup meetings, beginning January 23, 2024, the focus is on refining the credit’s structure, enhancing awareness, ensuring equitable promotion, and exploring innovative avenues like in-kind real property donations. Public engagement is encouraged through attendance, feedback submission, and staying connected for future updates. Let’s collectively contribute to enhancing childcare access in Colorado.
FAQs
How can I contribute my suggestions?
Attend the workgroup meeting on January 23, 2024, virtually or in person. You can also submit feedback by email to DOR_TaxPolicy@state.co.us before 5:00 p.m. on January 23, 2024.
What topics will be covered in the upcoming workgroup meetings?
The meetings will cover structural improvements, informing taxpayers, ensuring equitable promotion, and exploring in-kind real property donations. Key dates are January 23, February 22, and March 27, 2024.