Occupational Privilege Tax Repeal for Aurora, CO effective Jan 1, 2025
Hello,
It was just brought to my attention the OPT tax for Aurora, CO has been repealed effective January 1, 2025. Will this update be included with the Dec 20th PRP or will we need to make the update to the Local Tax Table manually?
If the latter, is it best practice to insert a new effective dated row on the Company Local Tax & Local Tax Tables with an effective date 01/01/25 and setting the status to 'Inactive'?
Also, for Colorado, will we see a Tax Table update in the Dec 20 PRP for the annual maximum gross limit update from $168,600 to $176,100 or will this require a manual update?