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HB20B-1020

Tips And Gratuities Tax Deduction

Concerning the deduction of tips received by a taxpayer from the taxpayer's federal taxable income when calculating Colorado taxable income.
Session:
2020 Extraordinary Session
Subject:
Fiscal Policy & Taxes
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.)

Status

Introduced
Lost

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Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Rep. J. Rich, Rep. M. Soper
Sen. J. Tate

Sponsor

Rep. T. Carver, Rep. S. Humphrey, Rep. H. McKean, Rep. K. Ransom, Rep. P. Will
Sen. R. Scott

Co-sponsor

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