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Senate extends state add‑back of federal QBI deduction to prevent new tax break for high earners
Summary
On Aug. 25, 2025, the Senate approved House Bill 25B‑1001 to extend Colorado’s add‑back of the federal qualified business income (QBI) deduction so that smaller businesses retain existing relief and higher-income filers do not automatically gain a new break under federal HR1; the bill passed 23–12.
The Senate passed House Bill 25B‑1001, a measure that preserves Colorado’s current treatment of the federal qualified business income deduction (QBI) for state tax purposes and prevents an unintended extension of richer federal deductions to wealthier filers in Colorado.
Senator Harris, who moved the…
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