Comment on Gov. Polis signs cuts to income, sales and property taxes into law as ballot fight looms

Gov. Polis signs cuts to income, sales and property taxes into law as ballot fight looms

Colorado Gov. Jared Polis signed several tax-related bills into law Tuesday, including two that deliver what officials are touting as historic cuts to taxes of different kinds. One reduces income and sales taxes. Senate Bill 228 cuts the state’s income rate by up to 0.15% in years when state revenue handily exceeds the cap set by the Taxpayer’s Bill of Rights, with a similar mechanism for the state’s sales tax rate.

 

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