HB 20B-1020
failedTips And Gratuities Tax Deduction
Summary
The bill allows a taxpayer to deduct the total amount of tips received by a taxpayer during the 2021 income tax year from the taxpayer's federal taxable income for purposes of calculating the taxpayer's 2021 Colorado taxable income. (Note: This summary applies to this bill as introduced.)
Details
- Chamber
- House
- First action
- 2020-11-30
- Latest action
- 2020-11-30
- Last action desc.
- Introduced In House - Assigned to State, Veterans, & Military Affairs
- OpenStates
- View source ↗
Sponsors
- Matt Soper (primary) · Republican
- Janice Rich (primary) · Republican
- Jack Tate (primary) · Republican