COLORADO SPRINGS, Colo. (AP) — A new law in Colorado has removed a state income tax requirement for Coloradans in the military.
Colorado residents who join the military are picking other states of residence to save thousands of dollars in income tax. Even soldiers stationed at Fort Carson who are longtime Colorado natives have declared residency in other states.
According to the Colorado Springs Gazette (http://tinyurl.com/ogdlhzh ), active-duty military members were being given a list of the 30 states that either don’t have income tax or exempt military members from paying it and asked where they would like to declare their residency.
The new law allows service members who have listed their official home of record as Colorado to maintain Colorado residency without having to pay state income taxes.
———
Information from: The Gazette, http://www.gazette.com
