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SB056

State Overtime Compensation Income Tax

Introduced·1/28/26
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Colorado SB056 modifies state income tax to exclude overtime compensation for the 2026 tax year only.

Colorado SB056 amends the state income tax law to exclude overtime compensation from federal taxable income for the 2026 tax year only. This change applies specifically to the 2026 income tax year, after which the exclusion is repealed. The bill also includes a provision for a referendum petition that could delay its effective date until November 2026 if approved by voters.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
In committee
Next
Committee decision

Sponsors

0
2
RR
Democratic CaucusRepublican Caucus

Roll Call Votes

Senate State, Veterans, & Military Affairs: Refer Senate Bill 26-056 to the Committee on Appropriations.

3 Yea

RRD

2 Nay

DD

Calendar

Feb 26

12:00 AM

Senate State, Veterans, & Military Affairs Committee Hearing

History

May 14

Senate

Senate Committee on Appropriations Lay Over Unamended - Amendment(s) Failed

Feb 26

Senate

Senate Committee on State, Veterans, & Military Affairs Refer Unamended to Appropriations

Jan 28

Senate

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