SB 18-127

Senate Bill 18-127, which has been signed into law, removes a requirement that the Department of Revenue provide an explanation of changes in income tax rates on every state income tax return form. This change affects taxpayers who file Colorado state income taxes and simplifies the process by eliminating the need for detailed historical explanations on each form. Since the bill is signed, it means the requirement has been officially removed and no longer applies to current or future tax forms.

Official Summary

Statutory Revision Committee. The bill repeals the requirement that the executive director of the department of revenue publish an historical explanation of income tax rate modifications enacted in the state on every income tax return form.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More

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