CO HB1003

Exempts nonresident individuals from Colorado state income tax on compensation earned for disaster-related work during declared state disaster emergencies and for 60 calendar days after the emergency declaration expires, effective for tax years beginning January 1, 2015.

Defines "disaster-related work" as repairing, renovating, installing, building, or rendering services related to damaged infrastructure, or providing emergency medical, firefighting, law enforcement, hazardous materials, search and rescue, or other emergency services.

Allows nonresident workers whose only Colorado income source is disaster-related compensation to avoid filing a state tax return and exempts employers from withholding state income tax if the employee's withholding certificate indicates eligibility for the exemption.

Reduces the controlled maintenance trust fund appropriation by $30,900 and appropriates an equal amount to the Department of Revenue for system implementation and CITA annual maintenance and support.

Takes effect 90 days after the 2014 legislative session adjourns (August 6, 2014), unless a referendum petition is filed, in which case it requires voter approval at the November 2014 general election.