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CO SB056

Bill

Official Source

Status

Introduced

1/28/2026

Primary Sponsor

Barbara Kirkmeyer

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Limits the state income tax add-back requirement for overtime compensation to apply only to the 2026 income tax year, rather than ongoing
  • Requires taxpayers to add any overtime compensation excluded or deducted from federal gross income back to federal taxable income when calculating Colorado state income tax liability
  • Includes an automatic repeal provision effective December 31, 2032
  • Takes effect August 12, 2026 (90 days after anticipated adjournment), unless a referendum petition is filed

Legislative Description

State Overtime Compensation Income Tax

Fiscal Policy & Taxes

Last Action

Senate Committee on State, Veterans, & Military Affairs Refer Unamended to Appropriations

2/26/2026

Committee Referrals

State, Veterans, & Military Affairs1/28/2026

Full Bill Text

No bill text available