Senate committee backs continuing state limit on federal QBI deduction
The Senate Appropriations Committee voted 5–2 to advance HB25B‑1001, a bill that preserves Colorado’s current limitation on the federal qualified business income (QBI) deduction — keeping the $500,000 single / $1,000,000 joint thresholds — amid debate over whether the change requires voter approval under TABOR.
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The Senate Committee on Appropriations on Thursday voted 5–2 to advance HB25B‑1001, a bill that continues the state’s current limitation on the federal qualified business income (QBI) deduction for non‑corporate filers, keeping the $500,000 single and $1,000,000 joint income thresholds. The measure’s sponsors said the change preserves state policy as the corresponding federal deduction was altered by federal legislation.
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