Colorado § 23-3.1-309 Tax exemption

Colorado Statutes

§ 23-3.1-309 — Tax exemption

Colorado § 23-3.1-309

Title 23Postsecondary Education

Art.Student Loan Program

This text of Colorado § 23-3.1-309 (Tax exemption) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 23-3.1-309 (2026).

Text

(1)Notwithstanding any other law to the contrary, the amount of any distribution to a designated beneficiary, as defined in section 529 (e)(1) of the internal revenue code, from a college savings program account established under this part 3 shall be exempt from state income taxation to the extent that this income is used to pay qualified higher education expenses of the designated beneficiary.

(2)To the extent that distributions from an ABLE savings program account established pursuant to this part 3 to a designated beneficiary for qualified disability expenses are excluded from taxable income pursuant to section 529A of the internal revenue code, or any successor provision, such distributions are also excluded from state taxable income.

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(1) Notwithstanding any other law to the
contrary, the amount of any distribution to a designated beneficiary, as defined in
section 529 (e)(1) of the internal revenue code, from a college savings program
account established under this part 3 shall be exempt from state income taxation
to the extent that this income is used to pay qualified higher education expenses of
the designated beneficiary.

(2) To the extent that distributions from an ABLE savings program account
established pursuant to this part 3 to a designated beneficiary for qualified
disability expenses are excluded from taxable income pursuant to section 529A of
the internal revenue code, or any successor provision, such distributions are also
excluded from state taxable income.

Legislative History

Source: L. 99: Entire part added, p. 463, � 1, effective July 1. L. 2000: Entire part amended, p. 1296, � 16, effective May 26. L. 2015: Entire section amended, (HB 15-1359), ch. 269, p. 1054, � 13, effective June 3.