09 Nov Colorado Tax Laws Updated for 2022-23
The Mile High-ER state...
The Mile High-ER state...
This new law concerns the authority of a pass-through business entity to elect to pay state income taxes at the entity level, known euphemistically as Colorado’s SALT Parity Act. It was first enacted in 2021 and amended in May 2022 & is effective January 1, 2022. ...
Colorado Tax Legislation Update As the Chair of the Government Relations Committee for the Colorado Society of Enrolled Agents outreach to legislators was provided on bills moving through the process this session as they pertained to matters of taxation. With special thanks to Heidi Morgan of Wagner...
Colorado tax law update 2022 starts with the recently enacted 3 new tax laws containing multiple corporate and individual income tax changes. H.B. 21-1311- Income Tax H.B. 21-1327 – State & Local Tax Parity Act for Business H.B. 20-1420 - Adjust Tax Expenditures For State...
The Tax Fairness for Coloradans package – is coal dead in Colorado? This is one of many questions arising out of HB21-1311 (Income Tax) and HB21-1312 (Insurance Premium Property Sales Severance Tax), combined legislation that expanded tax credits for working families and small businesses but hurt the coal...
The Colorado Department of Revenue revised its guidelines in FYI Income 54 regarding people who do not live in Colorado but are partners and/or shareholders of partnerships and/or S corporations in Colorado, ensuring that pass-through entities pay Colorado income tax on their Colorado-source income. This post breaks...
Mostly Ugly. Colorado is the Wild, Wild West in many things - including taxing authority....