CollegeInvest contributions
A subtraction is allowed to taxpayers who make a contribution to a 529 savings plan administered by CollegeInvest. If, in any subsequent tax year, there is a non-qualifying distribution, refund, or withdrawal, the account holder must make an addition on their Colorado return for the distribution, refund, or withdrawal. For additional information, please see Department publication Income Tax Topics: CollegeInvest Contribution Subtraction .