Colorado income tax rate 2024 (#5451)

* Fixes #5450 * Update changelog_entry.yaml
PolicyEngine · Jan 15, 2025 · 6717211 · 6717211
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diff --git a/changelog_entry.yaml b/changelog_entry.yaml
@@ -0,0 +1,4 @@
+- bump: minor
+  changes:
+    added:
+      - Colorado income tax rate 2024.
diff --git a/policyengine_us/parameters/gov/states/co/tax/income/rate.yaml b/policyengine_us/parameters/gov/states/co/tax/income/rate.yaml
@@ -17,6 +17,8 @@ metadata:
       href: https://tax.colorado.gov/sites/tax/files/documents/DR0104Book_2021_V3.pdf#page=6
     - title: 2023 Colorado Individual Tax Filing Guide 104 Book 
       href: https://tax.colorado.gov/sites/tax/files/documents/Book0104_2023.pdf#page=21
+    - title: TABOR Refund Mechanisms Legislation 2024-2034
+      href: https://leg.colorado.gov/bills/SB24-228
 
 values:
   1987-01-01: 0.05    # form rate determined by Legislation
@@ -26,3 +28,5 @@ values:
   2020-01-01: 0.0455  # form rate determined by Legislation
   2021-01-01: 0.045   # form rate determined by Constitution TABOR limit
   2022-01-01: 0.044   # form rate determined by Proposition 121
+  2024-01-01: 0.0425  # form rate determined by TABOR Refund Mechanisms
+  2025-01-01: 0.044   # form rate determined by TABOR Refund Mechanisms