Exum’s Bill to Bolster Tax Credit Outreach Clears Committee

HB23-1006 would require employers to share information about federal and state earned income tax credits with employees

DENVER, CO – Today, Senator Tony Exum Sr.’s, D-Colorado Springs, bill to bolster tax credit outreach for Colorado’s working families cleared the Senate Business, Labor, and Technology Committee.

HB23-1006 would require employers to provide information about federal and state earned income tax credits and child tax credits to their employees. The notice must be provided at least once a year in English or any other language necessary to communicate with the employee.

“Colorado working families’ budgets are stretched thin, and they deserve a helping hand - but too many folks aren’t taking full advantage of the benefits they’ve earned,” Exum said. “Requiring clear, consistent information on how to access tax credits, means Coloradans will be able to keep more of their hard earned money in their pockets. I will always fight for Colorado’s working families and I’m proud to see this important bill advance.”

The bill builds on legislation from recent years to make Colorado more affordable for working-class families. Colorado Democrats passed HB20-1420 and HB21-1311, which doubled the state's Earned Income Tax Credit and funded the Child Tax Credit, saving hundreds of thousands of Colorado families money.

HB23-1006 now heads to the Senate floor for further consideration. You can follow the bill’s progress HERE.