Colorado § 24-4.1-114.5 - Limitations on characterization of payment as income.
Full text of Colorado Colorado Revised Statutes § 24-4.1-114.5 — Limitations on characterization of payment as income., with citation guidance and answers to common questions.
§ 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.
Source: 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. L. 2024: Entire section amended, (SB 24-120), ch.177, p. 964, § 11, effective May 15.
ANNOTATION
Law reviews. For article, "Trust Protection of Personal Injury Recoveries from Public Creditors", see 19 Colo. Law. 2187 (1990).
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 24-4.1-114.5
What does Colorado Revised Statutes § 24-4.1-114.5 cover?
Section 24-4.1-114.5 ("Limitations on characterization of payment as income.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 24-4.1-114.5?
A common citation format is "Colorado Revised Statutes § 24-4.1-114.5" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 24-4.1-114.5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.