· CO legislature · 2025A

Permanent Reductions to State Income Tax

Under current law, the state income tax rate imposed on the taxable income of individuals, estates, trusts, and corporations is 4.4%; except that, for the income tax year commencing on January 1, 2024, the income tax rate is 4.25% and for any income tax year commencing on or after January 1, 2025, but before January…

Sponsor

John Carson (R-CO)

Introduced

2025-02-27

Policy area

Taxation

Latest action

Introduced In Senate - Assigned to State, Veterans, & Military Affairs