C.R.S. § 39-22-104.5

For income tax years commencing on or after January 1, 1995, amounts withheld from an individual’s wages that are used to pay for catastrophic health insurance pursuant to and within the limitations prescribed by section 10-16-116 , C.R.S., are excluded from the individual’s federal taxable income for purposes of the state income tax imposed by section 39-22-104 .