Colorado: Governor Polis Signs First Law of the 2024 Legislative Session to Help Save Coloradans Money

DENVER - Today, Governor Polis signed HB24-1084 Repeal & Reenact Earned Income Tax Credit Increase, which was sponsored by Representatives Jenny Willford and Mary Young, and Senators Chris Kolker and Rhonda Fields and approved by the General Assembly.

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This law repeals and reenacts, in its entirety, HB23B-1002, which increases the Earned Income Tax Credit (EITC) from 25% to 50%, helping Colorado families keep more of their hard-earned money to spend on essentials like food, housing, and transportation.

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