States / Colorado / SB 56

SB 56 In Committee

State Overtime Compensation Income Tax

Introduced
In Committee
Floor
Crossed Over
Passed
Enacted

The bill modifies the requirement that a taxpayer add the amount of any overtime compensation excluded or deducted from the taxpayer's federal gross income back to the taxpayer's federal taxable income for purposes of calculating state income tax liability to apply only in the 2026 income tax year.(Note: This summary applies to this bill as introduced.)

Chamber
Senate
Introduced
Jan 28, 2026
Last action
Jan 28, 2026 — Introduced In Senate - Assigned to State, Veterans, & Military Affairs
Session
2026A
Momentum
29 · Low