Skip to main content
Colorado General AssemblyToggle Main Menu
Agency NameToggle Agency Menu
SB20-020

Reduce The State Income Tax Rate

Concerning a reduction of the state income tax rate.
Session:
2020 Regular Session
Subject:
Fiscal Policy & Taxes
Bill Summary

For income tax years commencing on and after January 1, 2020, the bill:

  • Reduces both the individual and the corporate state income tax rate from 4.63% to 4.49%; and
  • Reduces the state alternative minimum tax by 0.14%.
    (Note: This summary applies to this bill as introduced.)

Status

Introduced
Lost

Menu

Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Sen. J. Sonnenberg
Rep. R. Holtorf, Rep. R. Pelton

Sponsor

Co-sponsor

COVID-19 Resources

Temporary Guidelines for Review and Comment Meetings

The House and Senate are temporarily adjourned. The building is closed to the public.