Skip to main content
Colorado General AssemblyToggle Main Menu
Agency NameToggle Agency Menu
HB24-1243

Income Tax Owed by Minors on Earned Income

Concerning the elimination of state income tax liability on the earned income of a minor.
Session:
2024 Regular Session
Subject:
Fiscal Policy & Taxes
Bill Summary

Currently, an individual aged 17 years or younger (minor) is liable to the state for income tax on earned income. The bill allows a subtraction from federal taxable income of an amount equal to the earned income of a minor. An employer is not required to deduct income tax from the wages of a minor.


(Note: This summary applies to this bill as introduced.)

Status

Introduced
Under Consideration

Menu

Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Rep. S. Woodrow

Sponsor

Co-sponsor

Colorado legislature email addresses ending in @state.co.us are no longer active. Please replace @state.co.us with @coleg.gov for Colorado legislature email addresses. Details

The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details