We are the Early Childhood Education Association of Colorado.

Colorado’s Child Care Tax Contribution (CCTC) Reauthorization

ECEA is working with select stakeholders to support upcoming legislation to support the reauthorization of the Colorado’s Child Care Tax Contribution (CCTC) credit. Colorado’s Child Care Contribution Tax Credit (CCTC) enables taxpayers and businesses that make monetary contributions to qualified child care providers to claim a Colorado income tax credit for 50 percent of the total contribution (up to $200,000). These funds can be used by the child care program in a number of ways, including:

  • Purchase enrichment materials
  • Send staff to professional development
  • Establish or operate a child care facility
  • Grant or loan programs for parents
  • Training programs for child care providers
  • Information dissemination programs that assist parents with child care information and referral services

Taxpayers are incentivized to use this credit because they can claim a Colorado income tax credit up to 50% of their contribution. Early care and education professionals throughout the state understand both the value and importance of the Child Care Tax Contribution credit. Over 21,600 individual, fiduciary and partnership credits totaling $24,500,459 were claimed in 2016.

In support of our collective efforts, we are currently creating a “story bank” highlighting real and tangible examples of how the CTCChas benefited early care and educations programs statewide. These “real world” examples will be shared during the upcoming legislative session in support of reauthorization. We encourage you to share how the CCTC has made a positive difference for your program.

Please feel free to share the survey link far and wide! For more detailed information on the Colorado’s Child Care Tax Contribution (CCTC) credit, be sure to visit our Members Dashboard!