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.
Similar Stories to Colorado Taxpayers Possibly Headed For Both Tabor Refund And Tax Cut on Bing News
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:
- Colorado owes taxpayers $34 million in TABOR refunds
The error was revealed in an audit released in February. Yo-yo temperature trends continue as fronts keep moving across eastern Colorado. FOX21 Storm Team latest forecast - Wednesday May 1st.
05/3/2024 - 4:49 am | View Link - TABOR refunds would become income tax cuts under Colorado bill
Colorado's income tax rate would get reduced if the state collected too much revenue under a new bipartisan bill.
05/2/2024 - 2:17 pm | View Link - Audit: Colorado owes taxpayers millions in TABOR refunds
A statewide audit found a $67 million mistake in TABOR refunds. Now, the state must decide how to give millions back to taxpayers.
05/2/2024 - 12:14 pm | View Link - Audit: Colorado owes taxpayers $33.9M in TABOR refunds
A statewide audit found a $67 million mistake in TABOR refunds. Now, the state must decide how to give millions back to taxpayers.
05/2/2024 - 8:28 am | View Link - Compromise plan revamps TABOR refund process, cuts sales and income tax rates
Bipartisan lawmakers propose a revamp of Colorado's Taxpayer's Bill of Rights, reducing income and sales tax rates when certain conditions are met.
04/30/2024 - 12:37 pm | View Link - More
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