State Income Tax Rate Reduction
Colorado Ballot Measure - Proposition 116
Election: Nov. 3, 2020 (General)
Shall there be a change to the Colorado Revised Statutes reducing the state income tax rate from 4.63% to 4.55%?
A "yes" vote on Proposition 116 reduces the state income tax rate to 4.55 percent for tax year 2020 and future years
A "no" vote on Proposition 116 keeps the state income tax rate unchanged at 4.63 percent.