© Copyright 2016 ADP LLC. 5800 Windward Pkwy | Alpharetta, GA 30005
Please Contact Us for More Information: 800-000-0000
Author: ADP Admin/Wednesday, April 26, 2023/Categories: Compliance Corner
On March 31, 2023, Colorado House Bill 1006 was signed into law requiring that employers notify employees of the availability of the federal and state earned income and state child tax credits.
The Details:
Effective with the January 1, 2023, tax year, the enacted legislation requires that employers provide a written notice at least once a year regarding the availability of the federal and state earned income and state child tax credits.
An employer may send the required notice electronically such as by 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 (DOR) prescribes.
Next Steps:
Employers should review Colorado House Bill 1006 and be on the look out for additional information from the DOR. A written notice (hard copy or electronically) should be provided no later than the end of 2023 and thereafter annually.
Have Questions?
Please contact your dedicated service professional with any questions.