HB20B-1020
Tips And Gratuities Tax Deduction
| Type | Bill |
|---|---|
| Session | 2020 Extraordinary Session |
| Subjects |
Concerning the deduction of tips received by a taxpayer from the taxpayer's federal taxable income when calculating Colorado taxable income.
Bill 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.)
Committees
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Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 11/30/2020 | Introduced |
| Date | Location | Action |
|---|---|---|
| 11/30/2020 | House | Introduced In House - Assigned to State, Veterans, & Military Affairs |
Prime Sponsor
Sponsor
Co-Sponsor
(None)