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Gov. Jared Polis signs measure increasing earned income tax credit, the first law of 2024 session

Gov. Jared Polis on Wednesday signed the first law of the 2024 session – a throwback to a measure from the 2023 session that got tangled up in a lawsuit from a Republican lawmaker.

House Bill 1084 would double the size of the earned income tax credit for low income Coloradans. 

The measure, a do-over from last year, intends to repeal and replace House Bill 23B-1002, which is now the subject of a lawsuit from Rep. Scott Bottoms, R-Colorado Springs.

Bottoms alleged he was denied an opportunity to have the bill read at length during the special session, and he sued the governor and House Speaker Julie McCluskie of Dillon. No hearing has yet been set for that lawsuit.

Democratic lawmakers decided to replace the measure with the 2024 version.

Both the 2023 and 2024 measures would increase the Earned Income Tax Credit from 25% to 50%, which Polis said would help Colorado families keep more of their hard-earned money to spend on essentials like food, housing, and transportation. 

DENVER, CO – JANUARY 11 : Colorado Gov. Jared Polis delivers the 2024 state of the state address to a joint session of the legislature in the House chamber at the Colorado Capitol in Denver, Colorado on Thursday, January 11, 2024. (Photo by Hyoung Chang/The Denver Post/pool photo)
Hyoung Chang

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