Colo. Rev. Stat. § 24-4.1-114.5

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.