HB 24-1243

  • Colorado House Bill
  • 2024 Regular Session
  • Introduced in House Feb 12, 2024
  • House
  • Senate
  • Governor

Income Tax Owed by Minors on Earned Income

Abstract

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.)

Bill Sponsors (2)

Votes


No votes to display

Actions


May 14, 2024

House

House Committee on Appropriations Lay Over Unamended - Amendment(s) Failed

Appropriations

Apr 01, 2024

House

House Committee on Finance Refer Amended to Appropriations

  • Referral-Committee
Finance Appropriations

Mar 18, 2024

House

House Committee on Finance Witness Testimony and/or Committee Discussion Only

Finance

Feb 12, 2024

House

Introduced In House - Assigned to Finance

  • Introduction
Finance

Bill Text

Bill Text Versions Format
Introduced (02/12/2024) PDF
PA1 (04/03/2024) PDF
Committee Amendment PDF

Related Documents

Document Format
Fiscal Note FN1 (03/14/2024) PDF
Fiscal Note FN2 (07/31/2024) PDF

Sources

Data on Open States is updated periodically throughout the day from the official website of the Colorado General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.