Rocky Mountain Voice

Menu

Tag: State Income Tax

Colorado Sued for for Taxing Overtime Pay Exempted by Trump
No Comments
State, Approved, Westword

Colorado Sued for for Taxing Overtime Pay Exempted by Trump

By Michael Roberts | Westword The lawsuit challenges a recently passed Colorado law that will continue taxing overtime pay at the state level. As President Donald Trump's One Big Beautiful Bill Act temporarily cuts federal taxes on overtime pay, some Colorado Republicans are seeking to force the state to follow suit. The conservative advocacy group Advance Colorado filed a lawsuit on Thursday, July 24, challenging a new law that will continue taxing overtime pay at the state level, regardless of federal changes. The lawsuit was filed in Denver District Court against Governor Jared Polis and the head of Colorado’s tax agency. Other plaintiffs attached to the suit include Republican State Senator Barbara Kirkmeyer and Fremont County Commissioner Kevin Grantham. The lawsuit target...
Read More
Colorado Lawmakers Reject Federal Overtime Exemption Prioritizing Revenue Over Relief
No Comments
State, Approved, Axios Denver

Colorado Lawmakers Reject Federal Overtime Exemption Prioritizing Revenue Over Relief

By John Frank | AXIOS President Trump's "big, beautiful bill" would make some overtime pay exempt from federal income taxes. Yes, but: Colorado won't do the same. State of play: State lawmakers tucked a little-noticed provision into a lengthy tax bill earlier this year to decouple from federal law when it comes to overtime pay, starting in 2027. This means you'll have to pay Colorado's 4.4% income tax on overtime wages, state legislative analysts confirmed, even with a federal exemption. Context: Colorado typically aligns with federal tax law, meaning if there are tax exemptions at the federal level, they would apply to state taxes. In this case, the state decided to break from federal law if the spending bill passes. What they're saying: Rep. Lorena Garc...
Read More
Colorado 2026 progressive ballot push would double income tax on top earners
No Comments
denvergazette.com, Approved, State

Colorado 2026 progressive ballot push would double income tax on top earners

By Marissa Ventrelli | Denver Gazette Voters could see a proposal to more than double the income tax of Colorado residents who earn at least $1 million, which would raise more than $1 billion each year from this category of taxpayers.  The proposal also seeks to decrease the tax obligation of people who earn $100,000 or less, while maintaining the rate for residents whose income falls in between those two prongs.   Colorado has a flat income tax rate. Assuming the proposal made it to the ballot and voters approved it, Colorado's top marginal rate would rival the highest-taxed states in the western region, rivaling Oregon and approximating California. Several of Colorado's neighbors — its direct economic competitors in the region, notably Nevada and Texas — don'...
Read More

FD863768-0ACF-495E-9D21-2EF784DFFA6B[1]

Join us at RMV's Freedom Festival

Click Here for Tickets!

This will close in 0 seconds