Issue Briefs Subject(s): Fiscal Policy & Taxes Published: December 11, 2014 Agency: Legislative Council Staff The individual income tax is the largest source of General Fund revenue, accounting for 60 percent of General Fund collections in FY 2013-14. This issue brief provides a brief history of Colorado income tax rates, discusses the general process for determining Colorado’s individual income tax, the amount of revenue collected, and how the tax compares with surrounding states Download Document