Colorado’s unemployment-taxable wage base is to more than double by 2026 under legislation that also expanded the state shared-work program and unemployment benefit eligibility.
Under the measure (SB 207), signed July 14, by Gov. Jared Polis (D), the wage base is to be $13,600, unchanged from 2020. The wage base is to rise to $17,000 for 2022; $20,400 for 2023; 23,800 for 2024; and $27,200 for 2025. Effective Jan. 1, 2026, the wage base is to be $30,600 and is to be annually adjusted by the percentage change in the state’s average weekly wage.
Employers are not to ...
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.