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Colorado Declines Federal Tip Relief Creating Tax Season Confusion
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kdvr.com, Approved, State

Colorado Declines Federal Tip Relief Creating Tax Season Confusion

By Shaul Turner | KDVR FOX31 DENVER (KDVR) – As the end of the year approaches, many workers who rely on tips and overtime pay may face some confusion as they prepare for tax return season. President Trump’s bill passed by the legislature provides a temporary tax break for tips but that doesn’t apply on the state level. The new federal tax break for tips allows employees to deduct up to $25,000 of tip income and is effective through the 2028 tax year, but Colorado will not follow suit. “It’ll be Christmas on the federal and no holiday season on the state,” said tax attorney Chadwick Elliot of the Denver Tax Group. READ THE FULL ARTICLE AT KDVR FOX31
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Gazette editorial board: Why taxing servers and medics is political malpractice
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denvergazette.com, Approved, Commentary, State

Gazette editorial board: Why taxing servers and medics is political malpractice

The Gazette editorial board | Commentary, Denver Gazette You’d think our state’s ruling Democrats would be doing their level best to win back the working class in advance of next year’s national midterm election. It will be a referendum, after all, on the Trump presidency and congressional Republicans — who won power last year with the support of workers long deemed the sole domain of the Democratic Party. Yet, Colorado’s Legislature and Gov. Jared Polis decided to gut-punch Colorado workers, instead — by essentially taxing their hard-earned overtime wages. That provision was buried in an obscure, wide-ranging bill innocuously titled, “Tax Expenditure Adjustment,” which lawmakers passed this spring. Polis signed it into law in May. The state’s overtime tax is intended to offset fe...
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Downtown Denver businesses hit with hefty signage fines: “Just trying to keep this place going”
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DENVER7, Local

Downtown Denver businesses hit with hefty signage fines: “Just trying to keep this place going”

By Maggy Wolanske | Denver7 Denver7 heard the concerns from restaurant owners in downtown Denver after the city took action to enforce signage rules. DENVER — Vacant buildings and for lease signs fill Blake Street by the newly renovated 16th Street. Now, some businesses in the area are left without signage after they say the city recently cited the block to enforce the zoning code. A flag that once greeted customers outside Jovanina's Broken Italian is now taken down. It had been up for the past five years, with the owner, Jake Linzinmeir, explaining it helped with the busy construction in the area and brought awareness to the restaurant. "Flag was up. No problem. No comment. All of a sudden, we got cited, all of our neighbors got cited for the signage to various...
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Restaurants win relief as Colorado bill leaves wage hikes to local control
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Approved, Axios, State

Restaurants win relief as Colorado bill leaves wage hikes to local control

By John Frank | Axios Denver The nasty fight at the Colorado Capitol over how much to pay tipped restaurant workers ended in a standoff this week. The big picture: Gov. Jared Polis signed the Restaurant Relief Act into Colorado law on Tuesday, with backing from the Colorado Restaurant Association and other major industry organizations. Why it matters: The result is a victory for the opposition, which mounted an aggressive campaign against the legislation, though it gives cash-pinched restaurant owners another chance to make their case at the local level. Threat level: The state's restaurant industry faces a crisis, with as many as 200 closing statewide last year — a majority of which operated in Denver — partially prompting the legislative proposal...
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