Rep. Yara Zokaie stood before the House Finance Committee on March 9 and made the case for HB26-1221, a bill targeting executive pay deductions and corporate loss carry-forwards. “Our families are struggling to juggle their rent, groceries, and utilities,” she said. The legislature had a choice. It could “choose to protect tax breaks for millionaire CEO salaries” or “allow for a break for our hard-working Coloradan families.”
…
The bills raise taxes on Colorado businesses by an amount the Colorado Chamber of Commerce estimates at close to 50 percent of the state’s current corporate income tax base. A base that raised roughly $1 billion in 2025, according to Patrick Boyle of the Colorado Competitive Council during hearing testimony.
Read more here.