Colorado Gov. Jared Polis (D) signed legislation Thursday that will close “corporate tax loopholes” and save the state from a current-year budget gap that he attributed to President Donald Trump’s new tax-and-spending law.
Polis signed five revenue bills designed to bring an additional $250 million into state coffers one day after the Democrat-controlled General Assembly finished a special legislative session aimed at closing a $1.2 billion budget gap for fiscal year 2026.
The governor signed HB25B-1001, which removes Colorado from the federal qualified business income deduction for calculations of state taxable income. He also approved HB25B-1002, which expands ...