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2019 Temporary Income Tax Rate Reduction (20-02)

Issue Briefs
Subject(s):
Fiscal Policy & Taxes
Published:
January 14, 2020
Agency:
Legislative Council Staff

When Colorado taxpayers file their 2019 income taxes, they will pay tax at a rate of 4.50 percent, rather than the state’s usual 4.63 percent rate.  The rate reduction affects state income tax payments by all taxpayers, including individuals, corporations, non-corporate businesses, and other fiduciaries.  This issue brief provides information on this temporary income tax rate reduction.

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