Income/Franchise:
Colorado Voters Appear to Have Approved a Corporate Income Tax Rate Reduction
Proposition 121, unofficially approved by voters 11/8/22. In Colorado’s recent statewide election on November 8, 2022, it appears that Colorado voters have approved a reduction in the state corporate income tax rate from 4.55% to 4.40% applicable for taxable years beginning on or after January 1, 2022. Final official election results have yet to posted. Please contact us with any questions.
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