HB 23-1006 Summary

• Requires employers to provide written notice to all employees about the availability of federal and state earned income tax credits and child tax credits, effective for tax years beginning January 1, 2023

• Notice must be provided at least once annually and may be delivered electronically via email or text message

• Written notice must be in English and any other language the employer typically uses to communicate with the employee

• Department of Revenue may prescribe additional required content for the notice through rulemaking

• Act takes effect 12:01 a.m. on the day following the 90-day period after final adjournment, unless subject to referendum petition