tax
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Denver revenue forecast declines amid increase in spending, decrease of sales tax income
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The Denver Department of Finance informed a City Council committee the city will have even less money available for the 2025 general fund after revising revenues from this year. The change is partly driven by slumping or stagnant sales tax revenues, which provide more than 50% of the general fund’s revenue. Originally, the city was…
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Judge throws out lawsuit from alleged ‘sovereign citizen’ facing prosecution in Eagle County
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A federal judge has dismissed an Eagle County woman’s complaint against the law enforcement officials who are prosecuting her for numerous charges of forgery, cybercrime and sending fake tax documents to judges. Although Adrienne Avril Perer called it a “false assumption” that she was an adherent of the anti-government “sovereign citizen” movement, she nevertheless sued…
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City council weighs revised ballot question to support open spaces in Colorado Springs
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The Colorado Springs City Council reviewed a revised ballot question Monday to extend the sales tax for trails, open space and parks after public calls to ensure enough future money raised by the tax is protected for open space purchases. The revised ballot question to extend a .1% sales tax would set aside a minimum of…
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Audit: Dozens of Colorado’s tax deductions, exemptions are underused
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Dozens of Colorado’s tax deduction and exemption programs are being underused, with many having absolutely no use at all, according to a new state audit. The Office of the State Auditor released its fifth annual tax expenditure compilation report on Friday, detailing individual evaluations of 48 tax expenditures, including various tax credits, exemptions and deductions.…
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Fountain voters to decide whether to raise property taxes for police, fire staff
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Fountain voters will decide in November whether to increase property taxes to hire additional police officers and firefighters. The city would like to increase property taxes from 10.239 mills to 16.339 mills to hire an additional six police officers and six more firefighters and raise more funds for retention and recruitment, city officials said. If…
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Denver, four other cities sue Colorado over tax exemption for school building materials
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Five Colorado cities, including Denver, filed a lawsuit against the state Thursday over a new law that exempts building materials used for public schools from sales taxes, arguing it would decrease their revenue base by millions of dollars. Denver, Boulder, Commerce City, Pueblo and Westminster sued in Denver District Court, challenging House Bill 1024, which Gov.…
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Colorado’s March marijuana revenue highest of 2022, but still down from last year
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Colorado saw an increase in its marijuana sales from February to March, but the figure is still lower than March 2021, causing concern for some in the industry. The marijuana industry brought in $162.5 million in revenue in March, $17.2 million, or about 12%, more than February. But this total is $44.6 million less than…
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Appeals court finds state’s revenue department a ‘victim’ entitled to restitution
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The Colorado Department of Revenue qualifies as a “victim” that is entitled to restitution in the form of unpaid taxes from a ring of illegal marijuana growers, the state’s second-highest court has ruled. In a pair of decisions, the Court of Appeals determined that an Arapahoe County judge was wrong when she concluded society, not…
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House committee approves bill exempting nonprofit child care centers from property tax
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Nonprofit child care centers in Colorado wouldn’t have to pay property taxes under legislation a state House committee advanced on Tuesday in the hopes of reducing costs and improving access. House Bill 1006 aims to modify current law that allows property owned and operated by nonprofit child care centers to be exempt from property taxes. The bill…
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Elderly Coloradans can begin applying for property tax, rent, heat rebate
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Elderly Coloradans and people with disabilities can start applying for a rebate to help pay their property tax, rent, and heat expenses, the Polis administration announced Monday. Residents can get up to $976 a year, depending on their income levels, the administration said. To be eligible for the Property Tax, Rent, Heat rebate, an individual must…
