Colorado Mandates Annual Notice to Employees Regarding Available Income Tax Credits

19 Apr


Update Applicable to:
All employers in the state of Colorado.

What happened and what are the details?
On March 31, 2023, Lieutenant Governor Dianne Primavera, acting on behalf of Governor Jared Polis, signed into law House Bill 23-1006 (HB 23-1006), which expanded the annual tax withholding notice requirements to include written notice of the availability of federal and state earned income tax credits (26 U.S.C. § 32 and Colo. Rev. Stat § 39-22-123.5) and child tax credits (26 U.S.C. § 24 and Colo. Rev. Stat. § 39-22-129).

Download Our Free Benefits Guide

Download our Benefits Brochure to see how we can provide Fortune 500-level benefits at a fraction of the cost.

Download Guide

Employers may send the written notice to employees electronically, including via email or text message. The written notice must be in English and any other language the employer uses to communicate with employees and must include any additional content that the Colorado Department of Revenue may prescribe via rulemaking.

Schedule a Call

Learn more about VensureHR and how we can make an impact on your business.

Contact VensureHR

For more information, please see the links below:

House Bill 23-1006 (HB 23-1006)


What do employers need to do?
Employers should review the links provided above and should begin providing notice to their employees electronically in the appropriate language of the employee.

Subscribe to
The Vensure Voice