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Bill Detail: HB18-1060

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Title Income Tax Deduction For Military Retirement Benefits
Status Governor Signed (05/29/2018)
Bill Subjects
  • Fiscal Policy & Taxes
House Sponsors L. Landgraf (R)
J. Danielson (D)
Senate Sponsors A. Williams (D)
L. Crowder (R)
House Committee Finance
Senate Committee Finance
Date Introduced 01/10/2018
Description

The starting point for determining state income tax liability is
federal taxable income. This number is adjusted for additions and
subtractions (deductions) that are used to determine Colorado taxable
income, which amount is multiplied by the state's 4.63% income tax rate.
The bill allows an individual who is ...
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