tax
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New Colorado marijuana excise taxes go into effect Jan. 1
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Marijuana sales licensees will see three changes to retail excise taxes take effect Jan. 1. The Colorado Department of Revenue says the changes will provide additional clarity on the taxes paid by retail sellers. Beginning at the start of the year, a tax will no longer be collected for contaminated product for extraction, but two new…
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Colorado U.S. senators co-sponsor bill with tax breaks for clean energy partnerships
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Both of Colorado’s U.S. senators co-sponsored a bill this week to give tax breaks to partnerships between clean energy companies as Congress wrangles with tax reform proposals. They are trying to create incentives for clean energy companies to build the kind of infrastructure that helped oil companies fuel the U.S. economy. “It is time we update our…
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Gardner argues for tax reforms proposed by Trump administration
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Colorado U.S. Sen. Cory Gardner argued Wednesday in Washington that middle-income families would benefit from a tax cut as the Senate prepares to vote on a preliminary budget proposal this week. The Trump administration’s tax reform bill is a key part of the budget outline being debated this week. The bill is designed “to create…
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Trump’s tax reform proposal gets mixed review in Colorado
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President Donald Trump proposed sweeping tax cuts for individuals and businesses Wednesday that he said would create new jobs and invigorate America’s international competitiveness. It won cautious approval from some Republican Colorado lawmakers but concerns from Democrats that it favors the wealthy. Trump said his tax reform proposal would be “simpler and more fair for…
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Colorado lawmakers seek economic benefits from Republican tax reform proposal
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WASHINGTON – Colorado’s lawmakers and business leaders are adding their voices to a controversy over tax reform as Republicans prepare to announce their overhaul plan next week. Republicans say they need to simplify the tax code for a boost to the nation’s economy and job outlook. Some Democrats are concerned changing the tax code would…
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Colorado lawmakers seek economic benefits from Republican tax reform proposal
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WASHINGTON – Colorado’s lawmakers and business leaders are adding their voices to a controversy over tax reform as Republicans prepare to announce their overhaul plan next week. Republicans say they need to simplify the tax code for a boost to the nation’s economy and job outlook. Some Democrats are concerned changing the tax code would…
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Noonan: TABOR is 25 and too alive and too well
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Colorado’s population in 1992 was 3.5 million. Census projections put the state’s population in 2017 at 5.5 million. In 1992, 812,308 citizens – 53.68 percent of voters – said yes to the Taxpayer Bill of Rights (TABOR), and 700,906 citizens – 46.32 percent of voters – said no. Not to make too fine a point,…
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Van Winkle: Time to reexamine 2010 emergency taxes
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Many of you reading this won’t remember the 2010 Colorado legislative session. Heck, think to yourself if you can recall any legislation passed back then. You likely won’t remember much of what happened that session, but if I mentioned “The Dirty Dozen” I bet you will remember those 12 overreaching taxes proposed, and passed by…
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Governor Hickenlooper plans policy for e-commerce sales tax
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Gov. John Hickenlooper is developing a strategy for Colorado to capitalize on a U.S. Supreme Court ruling last month that would allow the state to collect tax from online sales. The Supreme Court upheld Colorado’s “Amazon tax,” which could allow the state to collect taxes on out-of-state internet sales. It requires online retailers to report…
