SCR 25-1

SCR 25-1 is a bill that would require Colorado voters to approve any changes to how federal taxable income is defined when calculating state taxes. This means that if the federal government makes changes to what counts as taxable income for tax purposes, Colorado wouldn't automatically adopt those changes without voter consent. The bill affects all taxpayers in Colorado and aims to give more control to voters over their tax definitions. However, since it has failed at this stage, it won’t move forward unless reintroduced and passed through the legislative process again.

Official Summary

The concurrent resolution refers to the voters of the state at the 2026 general election a constitutional amendment to require voter approval in advance for any addition to the definition of federal taxable income for purposes of determining a taxpayer's state taxable income, regardless of whether the state would gain revenue, or the extent to which the state would gain revenue, due to the addition to the definition of federal taxable income. (Note: This summary applies to this concurrent resolution as introduced.)

Topics

Votes