{"data":{"id":"us-co/c.r.s.-23-3.1-309","jurisdiction":"us-co","citation":"C.R.S. § 23-3.1-309","heading":"Tax exemption.","body":"(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.\n\n(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.","path":["Title 23 - POSTSECONDARY EDUCATION","Article 3.1 - Student Loan Program","Part 3 - SAVINGS PLANS"],"source_url":"https://olls.info/crs/crs2026-title-23.htm","current_through":"Colorado Revised Statutes 2026","vintage":"","retrieved_at":"2026-09-14T18:37:45Z","sha256":"b37d3339c5df2268246724e0cceb87ffbc2bb835d4c2ad02e2e6f06fb3fb0d63","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-23-3.1-308","next":"us-co/c.r.s.-23-3.1-310"},"notice":"GroundRules: Original legal text. Not legal advice."}