Colorado will institute a new system for corporate tax reporting in 2026 after Gov. Jared Polis (D) signed a bill Tuesday that requires inclusion of all affiliates in a combined group\u2019s return and makes the process similar to other states.The measure, HB24-1134, also raises the state earned income tax credit from 38% to 50% starting in 2026 if certain revenue targets are met, and establishes a refundable child and dependent care tax credit. The bill is one of several tax-related bills the governor approved, touting them as historic measures to save Coloradans money.<\/p>\n","protected":false},"excerpt":{"rendered":"
Colorado will implement a new system for corporate tax reporting in 2026, which includes all affiliates in a combined group’s return and aligns the process with other states. Governor Jared Polis signed a bill that also increases the state earned income tax credit to 50% and establishes a refundable child and dependent care tax credit, contingent on meeting revenue targets. Governor Polis approved several tax-related bills, emphasizing their historic significance in saving money for Colorado residents.<\/p>\n","protected":false},"author":6,"featured_media":11922,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[3492,9580,3348,4498,10118,8099,5098,1295,2294,3398,1346,2628,7856,673,5612,7967,1065,3778,10119],"class_list":["post-11921","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-other","tag-bill","tag-bills","tag-change","tag-corporate-tax","tag-corporate-tax-reporting","tag-credit","tag-governor","tag-inclusion","tag-income","tag-income-tax","tag-meeting","tag-money","tag-new-system","tag-polis","tag-revenue","tag-state","tag-tax","tag-tax-credits","tag-tax-related-bills"],"acf":{"keyphrase":"","keywords":"","sourceimg":"","country-category":""},"yoast_head":"\n