Amendment 87 Amendment 87 (Initiative 195): Replacing Colorado's single income tax rate with six graduated rates
Would tax income at six rates from 3.70 to 8.40 percent in place of Colorado's single 4.40 percent rate, starting in tax year 2027.
Income Tax
2 measures
Colorado taxes individual and corporate income at a single rate, 4.40 percent in current statute. Amendment 87 (Initiative 195) would replace the single rate with six graduated rates from 3.70 to 8.40 percent, starting in tax year 2027. Proposition 136 (Initiative 232) would cap the individual and corporate rates at 4.40 percent of federal taxable income, the rate already in statute.
Proposition 136 Proposition 136 (Initiative 232): A 4.4 percent cap on the state income tax rate
Proposition 136 caps Colorado’s individual and corporate income tax rates at 4.4 percent, the rate in current statute, beginning with tax year 2027.