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State Income Tax Rate Reduction

Colorado Ballot Measure - Proposition 116

Election: Nov. 3, 2020 (General)

Outcome: Passed

Categories:

Taxes

Measure Text


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.

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