Colorado Department Of Revenue,
Colorado Tax

Colorado Business Corporate Tax, Colorado Personal Income Tax, Colorado Sales Tax Rates

What is the Colorado corporate net income tax rate?

4.63%

What is the Colorado personal net income tax rate?

4.6%

What are the average Colorado sales tax rates?

7.24%. The state has a 2.9% tax, but the average local tax is 4.34% making a total of 7.24%

Most of Colorado is tourist towns. Most of the resort towns will have an average sales tax around 8.5 – 9.5%.

Are there standard deductions?

No.

Are there personal exemptions?

No.

What forms do you file for your Colorado taxes?

Colorado C corporations:   Form 112
S corporations:  Form 106
Partnerships:  Form 106
Individual:  Form 104
Colorado Non-Profit Corporation: Form DR 0715

Estimated tax payments?

Form 112EP for corporations and 106EP for personal returns (if you own a Colorado LLC). Yes, if the estimated tax will be $1000 or more.

Colorado Department of Revenue:

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