What is the child care contribution income tax credit?
Any taxpayer that makes a monetary contribution to promote
child care in Colorado may claim an income tax credit of 50 percent of
the total contribution.
Contributions to promote child care in Colorado includes the following:
Donating money for the establishment or operation of a
child care facility or program in Colorado;
Donating money to establish a grant or loan program for
a parent or parents in Colorado requiring financial assistance for
Donating money for the training of child care providers
Donating money for the establishment of an information
dissemination program in Colorado to provide information and referral
services to assist a parent or parents in obtaining child care.
Contributions will not qualify for this credit if any of the following
The contribution is made to a child care facility in
which the taxpayer or a person related to the taxpayer has a financial
The contribution is made to a for-profit business
(unless the contribution is directly used for the acquisition or
improvement of facilities, equipment, or services, including the
improvement of staff salaries, staff training, or the quality of child
The contribution is not directly related to promoting
child care in Colorado.
The donor receives consideration from the donee
organization in exchange for the contribution.
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