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 This change applies specifically to the 2026 income tax year, after which the exclusion is repealed.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.
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