HB 18-1203
signedReduce State Income Tax
Plain-English Summary
AI-generatedHB 18-1203 is a Colorado bill that reduces the state income tax rate for both individuals and corporations from 4.63% to 4%, effective January 1, 2018. It also lowers the alternative minimum tax by 0.63%. This means that people and businesses in Colorado will pay less in state taxes starting from early 2018. The bill has been signed into law, so these changes are now in effect for taxpayers.
Official Summary
For income tax years commencing on and after January 1, 2018, the bill reduces both the individual and the corporate state income tax rate from 4.63% to 4%. The bill also reduces the state alternative minimum tax by 0.63% for income tax years commencing on and after January 1, 2018.
(Note: This summary applies to this bill as introduced.)
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Details
- Chamber
- House
- First action
- 2018-03-08
- Latest action
- 2018-02-05
- Last action desc.
- Introduced In House - Assigned to State, Veterans, & Military Affairs + Appropriations
- OpenStates
- View source ↗
Related Legislation
This bill affects (12)
amendsHB 17-1307(2017A)· failedFamily And Medical Leave Insurance Program Wage Replacement
amendsHB 17-1324(2017A)· failedEducational Opportunity Tax Incentives
amendsHB 17-1136(2017A)· signedConsistent Statutes For Electronic Filing Of Taxes
amendsHB 17-1104(2017A)· signedExclude Olympic Medal Income From Taxable Income
amendsSB 17-075(2017A)· signedIncome Tax Deduction For Military Retirement Benefits
amendsHB 17-1290(2017A)· failedColorado Secure Savings Plan
amendsHB 17-1007(2017A)· failedTax Benefit Employer Collegeinvest Contribution
relatesHB 18-1169(2018A)· signedSupplemental Appropriation - Department Of Treasury
relatesSB 17-267(2017A)· signedSustainability Of Rural Colorado
relatesHB 17-1058(2017A)· signedReporting Requirements By Department Of Personnel And Administration To General Assembly
repealsSB 17-267(2017A)· signedSustainability Of Rural Colorado
Affected by (115)
amendsHB 25-1296(2025A)· signedTax Expenditure Adjustment
amendsHB 25-1012(2025B)· failedPrescription Drug Benefit Information Transparency
amendsHB 18-1359(2018A)· signedColorado Charitable Contribution Income Tax Deduction
amendsHB 23-1047(2023A)· signedJoint Filing Deduction Qualified Tuition Program
amendsHB 22-1025(2022A)· signedRepeal Of Infrequently Used Tax Expenditures
amendsSB 22-084(2022A)· signed529 Plan Education Loan Payment Eligible Distribution
amendsHB 22-1414(2022A)· signedHealthy Meals For All Public School Students
amendsHB 22-1007(2022A)· signedAssistance Landowner Wildfire Mitigation
amendsSB 25-026(2025A)· signedAdjusting Certain Tax Expenditures
amendsHB 22-1019(2022A)· signedModifications To Qualified State Tuition Programs
amendsHB 18-1023(2018A)· signedRelocate Title 12 Marijuana To New Title 44
amendsHB 18-1221(2018A)· signedIncome Tax Deduction For 529 Account Kindergarten Through Twelfth Grade Expenses
amendsHB 18-1209(2018A)· signedNo 529 Account Income Tax Deduction For K-12 Kindergarten Through Twelfth Expenses
amendsHB 18-1025(2018A)· signedRelocate Title 12 Liquor Laws To Title 44
amendsSB 23-208(2023A)· signedCorrection Of Certain Tax Statute Cross References
amendsHB 26-1289(2026A)· signedModification of Certain Tax Expenditures
amendsHB 23-1275(2023A)· signedModification Of The Film Production Incentive
amendsSB 18-240(2018A)· signedRevised Uniform Unclaimed Property Act
amendsHB 22-1310(2022A)· signed529 Account Apprenticeship Expenses
amendsHB 23-1083(2023A)· signedQualified Higher Education Expenses Aviation Training
amendsHB 23-1128(2023A)· signedIncome Tax Credits And Deductions Married Taxpayers
amendsSB 23-221(2023A)· signedHealthy School Meals For All Program Fund
amendsSB 26-135(2026A)· passedState Public K-12 Education Funding
amendsSB 23-303(2023A)· signedReduce Property Taxes And Voter-approved Revenue Change
amendsSB 25-013(2025A)· signedSenior Housing Income Tax Credit Extension
amendsSB 18-061(2018A)· signedReduce The State Income Tax Rate
amendsHB 22-1125(2022A)· signedIncome Tax Rate Reduction
amendsHB 22-1021(2022A)· signedReduce State Income Tax Rate
amendsHB 23-1063(2023A)· signedReduction Of State Income Tax Rate
amendsHB 23B-1005(2023B)· signedMatters Related To Tax Relief For Tax Year 2023
amendsHB 24-1065(2024A)· signedReduction of State Income Tax Rate
amendsHB 24-1036(2024A)· signedAdjusting Certain Tax Expenditures
amendsHB 25-1012(2025A)· signedIncome Tax Expenditures for Service Members
relatesHB 24-1396(2024A)· signedGeneral Fund Transfer to Advanced Industries Programs
relatesHB 24-1439(2024A)· signedFinancial Incentives Expand Apprenticeship Programs
relatesHB 24-1358(2024A)· signedFilm Incentive Tax Credit
relatesHB 22-1163(2022A)· signedState Income Tax Deduction For Medical Expenses
relatesHB 26-1419(2026A)· signedOver-Refund of Excess State Revenues
relatesSB 22-233(2022A)· signedTABOR Refund Mechanism For FY 2021-22 Only
relatesSB 23-303(2023A)· signedReduce Property Taxes And Voter-approved Revenue Change
relatesHB 18-1001(2018A)· signedFAMLI Family Medical Leave Insurance Program
relatesHB 18-1298(2018A)· signedColorado Secure Savings Plan
relatesHB 23-1277(2023A)· signedReporting Adjustments To Taxable Income
relatesHB 23-1084(2023A)· signedContinuation Of Military Retirement Benefit Deduction
relatesHB 24-1052(2024A)· signedSenior Housing Income Tax Credit
relatesSB 24-228(2024A)· signedTABOR Refund Mechanisms
relatesHB 22-1123(2022A)· signedStandard Deduction Adjustment
relatesSB 23-134(2023A)· signedDepartment of Treasury Supplemental
relatesHB 23-1052(2023A)· signedMod Prop Tax Exemption For Veterans With Disab
relatesHB 22-1320(2022A)· signedAchieving A Better Life Experience Savings Accounts
relatesHB 23-1309(2023A)· signedFilm Incentive Tax Credit
relatesSB 24-126(2024A)· signedConservation Easement Income Tax Credit
relatesSB 22-093(2022A)· signedExpand Senior And Veteran Property Tax Exemptions
relatesHB 22-1183(2022A)· signedDepartment of Treasury Supplemental
relatesHB 22-1125(2022A)· signedIncome Tax Rate Reduction
relatesHB 22-1205(2022A)· signedSenior Housing Income Tax Credit
relatesHB 24-1202(2024A)· signedDepartment of Treasury Supplemental
relatesSB 26-135(2026A)· passedState Public K-12 Education Funding
relatesHB 25-1021(2025B)· failedRetention of Vendors Fees for Collecting Sales Tax.
relatesHB 26-1062(2026A)· failedExpand Deduction for Retirement Benefits
relatesSB 25-110(2025A)· signedDepartment of Treasury Supplemental
relatesHB 26-1351(2026A)· signedHealthy School Meals for All State Education Fund
relatesSB 18-061(2018A)· signedReduce The State Income Tax Rate
relatesHB 23-1046(2023A)· signedTax Credit Pre-adoption Leave
relatesHB 23-1006(2023A)· signedEmployer Notice Of Income Tax Credits
relatesSB 23-066(2023A)· signedAdvanced Industry Acceleration Programs
relatesHB 26-1171(2026A)· signedDepartment of Treasury Supplemental
relatesHB 24-1243(2024A)· signedIncome Tax Owed by Minors on Earned Income
relatesHB 18-1202(2018A)· signedIncome Tax Credit Leave Of Absence Organ Donation
relatesHB 24-1240(2024A)· signedAmeriCorps Education Award Tax Subtraction
relatesHB 25-1274(2025A)· signedHealthy School Meals for All Program
relatesSB 25-138(2025A)· signedPermanent Reductions to State Income Tax
relatesHB 24-1142(2024A)· signedReduce Income Tax Social Security Benefits
relatesSB 23-106(2023A)· signedIncome Tax Deduction For Military Retirement Benefits
relatesHB 23-1189(2023A)· signedEmployer Assistance For Home Purchase Tax Credit
relatesSB 23-036(2023A)· signedVeterans With Disab Prop Tax Exemption Reqmnts
relatesSB 25-302(2025A)· signedAchieving a Better Life Experience Tax Deduction
relatesHB 25-1021(2025A)· signedTax Incentives for Employee-Owned Businesses
relatesSB 25-310(2025A)· signedProposition 130 Implementation
relatesHB 24-1312(2024A)· signedState Income Tax Credit for Careworkers
relatesSB 25-136(2025A)· signedExpand Deduction For Retirement Benefits
relatesHB 23-1275(2023A)· signedModification Of The Film Production Incentive
relatesSB 22-238(2022A)· signed2023 And 2024 Property Tax
relatesSB 18-265(2018A)· signedChild Care Savings Account Income Tax Benefits
relatesSB 23-290(2023A)· signedNatural Medicine Regulation And Legalization
relatesHB 24-1134(2024A)· signedAdjustments to Tax Expenditures to Reduce Burden
relatesSB 23-107(2023A)· signedSenior And Veterans With Disabilities Property Tax Exemption
relatesSB 25-214(2025A)· signedHealthy School Meals for All Program
relatesHB 22-1343(2022A)· signedGeneral Fund Exempt Account And Excess State Revenues
relatesHB 18-1060(2018A)· signedIncome Tax Deduction For Military Retirement Benefits
relatesHB 22-1127(2022A)· signedIncome Tax Deduction For Rent
repealsHB 25-1274(2025A)· signedHealthy School Meals for All Program
repealsHB 22-1025(2022A)· signedRepeal Of Infrequently Used Tax Expenditures
repealsSB 25-138(2025A)· signedPermanent Reductions to State Income Tax
repealsHB 23B-1004(2023B)· signed2023 Property Tax Reduction Policy Study
repealsSB 18-061(2018A)· signedReduce The State Income Tax Rate
repealsHB 22-1125(2022A)· signedIncome Tax Rate Reduction
repealsHB 23B-1005(2023B)· signedMatters Related To Tax Relief For Tax Year 2023
repealsHB 24-1243(2024A)· signedIncome Tax Owed by Minors on Earned Income
repealsHB 22-1021(2022A)· signedReduce State Income Tax Rate
repealsSB 24-228(2024A)· signedTABOR Refund Mechanisms
repealsHB 23-1063(2023A)· signedReduction Of State Income Tax Rate
repealsHB 24-1065(2024A)· signedReduction of State Income Tax Rate