SB 17-080
failedReduce Amount Of Wages Subject To Garnishment
Plain-English Summary
AI-generatedSenate Bill 17-080 reduces how much of a person’s paycheck can be taken by creditors when they owe money. It limits garnishment to the lesser of 25% of disposable earnings or 10% if someone earns below 250% of the federal poverty level, and it completely protects weekly take-home pay that is less than 30 times the state’s minimum wage. This bill has been signed into law, meaning these protections are now in effect for workers in Colorado.
Official Summary
The bill changes the amount of wages that may be withheld and paid under a garnishment to the lesser of: 25% of an individual's disposable earnings; or If the individual makes less than 250% of the federal poverty level adjusted for family size, 10% of the individual's gross earnings; or Zero if the individual's weekly take-home pay is less than 30 times the state's minimum wage.(Note: This summary applies to this bill as introduced.)
Details
- Chamber
- Senate
- First action
- 2017-02-15
- Latest action
- 2017-01-13
- Last action desc.
- Introduced In Senate - Assigned to Business, Labor, & Technology
- OpenStates
- View source ↗
Related Legislation
This bill affects (0)
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