Statutes, codes, and regulations
Colorado Revised Statutes
Title 24 - GOVERNMENT - STATEADMINISTRATIONArticle 4.1 - Crime Victim Compensation and Victim and Witness Rights
Part 1 - CRIME VICTIM COMPENSATION ACT
Section 24-4.1-114.5 - Limitations on characterization of payment as income

Colo. Rev. Stat. § 24-4.1-114.5

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Current through 11/5/2024 election
Section 24-4.1-114.5 - Limitations on characterization of payment as income

No compensation payable to an applicant under this part 1 is included in the applicant's income for purposes of the Colorado income tax imposed in article 22 of title 39, nor is it considered as income, property, or support for the purposes of determining the eligibility of the applicant for public assistance or the amount of assistance payments pursuant to section 26-2-108.

C.R.S. § 24-4.1-114.5

Amended by 2024 Ch. 177,§ 11, eff. 5/15/2024, app. to approvals for compensation pursuant to the "Colorado Crime Victim Compensation Act" on or after 5/15/2024.
L. 83: Entire section added, p. 856, § 1, effective July 1. L. 84: Entire section amended, p. 659, § 16, effective May 14. L. 87: Entire section amended, p. 1452, § 28, effective June 22.

Section 18 of chapter 177 (SB 24-120), Session Laws of Colorado 2024, provides that the act changing this section applies to approvals for compensation pursuant to the "Colorado Crime Victim Compensation Act" on or after May 15, 2024.