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.
Gov. Polis Signs Cuts To Income, Sales And Property Taxes Into Law As Ballot Fight Looms
Nick Coltrain, Denver Post: Politics
Wed, 05/15/2024 - 5:00am
Topics: colorado gov jared polis taxpayer s bill rights tabor this coloradans colorado concern gallagher amendment there bill brighton republican sponsors sen chris hansen sen barbara kirkmeyer larimer weld boettcher mansion photo hyoung chang/the denver post rep chris kennedy lakewood critic on monday denver metro chamber commerce ceo j.j ament common sens greenwood village michael fields related articles dps tri-state aspect strategic april colorado education association notably stay colorado politics spot polis gov jared polis gov jared polis colorado senate bill bill november we advance colorado the the hansen chris hansen barbara kirkmeyer denver democrat republican denver fields initiative politics cuts income sales law ballot property taxes voters estimated local year rates relief measures years measure group assessment signed funding cap values school historic signing real officials amount higher decrease response revenue ceremony million schools reduce repeal owed home incredibly alternative statewide taxpayers collections businesses warned pushed based compared increases residential temporary memo money commercial president tuesday needed passed put homeowners points increase
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