Colorado enacted HB 12-1006 requiring that for tax year 2023, employers provide a written annual notice to their employees about available federal and state tax credits, including the Colorado and federal earned income tax credit, the Colorado and federal child tax credit and any other information required in regulations issued by the Colorado Department of Revenue.
The act requires an annual notice be provided to employees at the same time as the state Form W-2, which was due on or before January 31 for the previous tax year.
The notice must be written in English or any other language the employer typically uses to communicate with its employees and may be provided to employees electronically, including via email or text message.
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