Coloradans are inching closer to their first TABOR tax refunds in years, according to updated state revenue forecasts released Wednesday. In fact, state collections have been so strong that taxpayers are likely to get both a sales tax refund and a state income tax cut, according to Kate Watkins, the chief economist for Colorado’s Legislative Council. She and her team estimate TABOR will drop the state’s income tax rate from 4.63 percent to 4.5 percent for both 2019 and 2020.
Colorado Taxpayers Possibly Headed For Both Tabor Refund And Tax Cut
Anna Staver, Denver Post: Politics
Wed, 06/19/2019 - 9:06am
Topics: kate watkins colorado s legislative march president donald trump for taxpayer bill rights gov jared polis november s lauren larson office state planning budgeting that joint budget committee chair dominick moreno d-commerce city conservatives i m related articles republicans caldara boulder while colorado s and legislative larson silbaugh general tabor watkins i colorado council polis cc proposition cc moreno related colorado supreme court taxpayers tax cut revenue forecast refunds percent years voters year money dollars rate news drop wednesday amount group address lawmakers team wouldn expected taxes sales collects ballot rules vote spend future foreseeable
BING NEWS:
- Tapping TABOR: Colorado lawmakers turn to surplus dollars to fund tax credits
However, the lawmakers' wish list for general fund dollars is about $500 million. That means lawmakers will have to find a way to cut the costs of their spending priorities or see them go by the ...
04/23/2024 - 11:34 am | View Link - Many Coloradans still haven’t claimed their TABOR refund
But with the end of tax season closing in, many still haven’t claimed their TABOR refund. When Colorado takes in tax revenue beyond the limit, Coloradans who file taxes can expect a refund check in ...
04/12/2024 - 2:13 pm | View Link - Colorado could use $700 million of TABOR surplus on a new child tax credit
Colorado’s lower-income families could receive an average of $2,500 per year under a state-level child tax credit. The proposal, which is moving forward at the statehouse, would ...
04/10/2024 - 4:59 am | View Link - Colorado special session on property taxes wraps as lawmakers approve relief bill, rental assistance, flat TABOR refunds
That bill is now headed to the governor’s ... Updated at 12:28 p.m.: A bill to refund taxpayers an equal amount of money on their 2023 tax returns has just been approved on a final vote in ...
11/20/2023 - 10:40 am | View Link - More
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