For tax years 2024 through 2033, the bill created a family affordability income tax credit for Coloradans with children. The credit is available to single filers with a federal adjusted gross income (AGI) up to $85,000 or joint filers with an AGI up to $95,000. The credit is refundable, meaning any amount by which the credit exceeds a taxpayer’s tax liability is refunded to the taxpayer.