income tax
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Measure to slash Colorado’s income tax rate raises least amount but faces no formal opposition
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With only two months until the November election, the race to raise money for campaigns is heating up, but a ballot measure seeking to lower the state’s income tax rate appears to have cooled off. Colorado Character, the campaign behind Initiative 31 asking voters to reduce the state’s income tax rate from 4.55% to 4.40%, has raised…
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State Supreme Court upholds Colorado’s voter-approved paid leave program
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The Colorado Supreme Court has turned aside a challenge to the state’s paid family and medical leave program, upholding the voter-approved expansion of the social safety net as constitutional and rejecting the claims from a Grand Junction-based construction company. Nearly 58% of voters supported Proposition 118 in 2020, which required most employers to provide up…
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A LOOK BACK | Colorado congressman calls for abolishment of IRS
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Thirty-Five Years Ago This Week: U.S. Rep. Dan Schaefer, a Republican representing Colorado’s 6th Congressional District, joined several congressional colleagues for “tea” in Boston Harbor aboard the Beaver II, a full-sized replica of the 18th century ship of the same name. Dipping a copy of the United States tax code into a large basin, Schaefer…
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Polis says Colorado’s income tax should be reduced to zero
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Colorado Gov. Jared Polis said the state’s income tax “should be zero” during a panel discussion at a conservative conference on Friday. During the discussion hosted by the Steamboat Institute, a conservative non-profit group, Polis responded to a question about how the state should balance its economic growth with the public health requirements of the pandemic. “In effect, when you…
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Out West Roundup: After tax cuts many saw as a failure, Kansas may cut again
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Kansas After tax cuts many saw as a failure, Kansas may cut again TOPEKA, Kansas – Kansas has some financial breathing room less than a year after legislators reversed past income tax cuts to deal with persistent budget woes that followed what many voters saw as a failed fiscal experiment. Now some Republicans want to…
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This Week at the Capitol: March 26-30
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Here are the legislative committee hearings of note for the week ahead at the Colorado Capitol. Committee schedules are subject to change. The daily schedule is available on the legislature’s website. Click here and scroll down to committee hearings to listen online. This week, the House will take up the Long Appropriations Bill, which is scheduled to be…
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Panic over property taxes: Pay now or pay more later
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The last days of 2017 were hectic for one Arapahoe County agency, as President Donald Trump signed the Tax Cuts and Jobs Act. By the end of last week, the Arapahoe County Treasurer’s Office had collected around $20 million more in early property tax payments than it had the year prior. With Trump’s signing of…
