CO HB1175

Amends penalty language in Colorado Revised Statutes 39-21-113(6) to update gender-neutral pronouns from "he" to "he or she" for state officers or employees dismissed from office for tax violations.

Moves cigarette excise tax returns and tobacco products excise tax returns from optional electronic filing (subsection 2) to mandatory electronic filing (subsection 4) effective August 2, 2019.

Requires mandatory electronic remittance of wage withholding by employers whose annual estimated wage withholding tax liability exceeds $50,000, effective August 2, 2019.

Increases the corporate estimated tax payment threshold from $1,000 to $5,000 under Colorado Revised Statutes 39-29-112(2) for corporations subject to taxation.

Takes effect at 12:01 a.m. on August 5, 2020, or upon approval by voters in November 2020 if a referendum petition is filed.