Skip to main content
CivicGate

HB 24-1243 CO
Introduced

Income Tax Owed by Minors on Earned Income

CO · session 2024A · Assembly / House · bill

A state bill is a proposed law in a state legislature — separate from the U.S. Congress. Learn more →

Introduced Feb 12, 2024

Latest action (May 14, 2024) Introduced In House - Assigned to Finance

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.)

Sponsors (2)

Action history (4)
  1. May 14, 2024 House Committee on Appropriations Lay Over Unamended - Amendment(s) Failed · lower
  2. Apr 1, 2024 House Committee on Finance Refer Amended to Appropriations · lower
  3. Mar 18, 2024 House Committee on Finance Witness Testimony and/or Committee Discussion Only · lower
  4. Feb 12, 2024 Introduced In House - Assigned to Finance · lower

Full text

The full text hasn’t been imported yet. CivicGate fetches it from the state legislature’s published version documents — check now.

Comments

Comments

Loading comments…

Data from OpenStates. View on OpenStates →