Jesse Paul

Reporter

Colorado is one of just four states that use federal taxable income to determine how much people pay in state taxes and have what’s known as “rolling conformity” with the federal tax code.

That’s one of the biggest reasons state economists say Colorado’s tax revenue, and thus the state budget, will be so affected by the passage of the One Big, Beautiful Bill Act, the federal tax and spending measure passed by Republicans in Congress and signed into law by President Donald Trump .

Lawmakers must plug an estimated $750 million hole in the state budget when they return to the Capitol on Aug. 21 for a special session as a result of the tax code changes in the measure, also known as the OBBBA.

This gets wonky, but in order to understand Colorado’s budget situation

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