taxes
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Colorado’s fiscal future continues to be clouded by tariffs, revenue drops and recession fears
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State economists on Monday presented continuing data that shows a weakened economic outlook for Colorado and continued risks for a near-term recession. The Joint Budget Committee, comprised of six lawmakers from the General Assembly who annually craft the state budget, saw at least some encouraging signs. The committee’s four Democrats lauded last month’s special session,…
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Here’s how this graduated income tax proposal would affect Colorado residents’ take-home pay
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The measure that seeks to eliminate Colorado’s flat rate in favor of a graduated income tax contains a dozen brackets, with the highest levels set to accrue tens of thousands more in liabilities, while cutting them for individuals at the lower ends of the proposed spectrum. How it would impact individuals will depend on their…
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Ballot measure seeks tax hike for higher income earners in 2026
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A coalition led by a Colorado think tank will file a ballot initiative on Wednesday to raise state income tax rates on annual household incomes and corporations with earnings above $500,000. The ballot measure, which sets up a “graduated” income tax, would also provide a tax break for households with incomes below the $500,000 threshold.…
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Here is how Colorado’s corporate taxes will change
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Colorado tax policy currently is “coupled” with federal tax policy. What that means is when the federal government changes tax policy, Colorado’s policy automatically conforms to those changes. Changes to the federal tax code enacted through H.R. 1 resulted in the state losing $1.2 billion in income tax revenue, Democrats and state analysts said. Republicans…
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Arapahoe County grappling with ‘financial shortfall’
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Arapahoe County is in a financial bind and asked community members to weigh in on possible solutions, which might include ballot measures to raise taxes, commissioners said in a State of the County address Thursday morning. “Arapahoe County has so many great things happening that it’s impossible to cover them all in this very short…
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New IRS guidance could potentially tax Colorado’s TABOR refunds
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Only six months ago, Coloradans breathed a sigh of relief when the Internal Revenue Service announced it would not take out federal taxes on refunds from Colorado’s Taxpayer’s Bill of Rights. But now Colorado officials worry that taxability of the refunds is once again being called into question under new guidance released by the IRS on Wednesday,…
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Colorado municipalities pass, reject measures on marijuana, affordable housing, taxation
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Coloradans in 85 cities and towns voted on more than 150 municipal ballot measures Tuesday, passing or rejecting proposals ranging from authorizing marijuana businesses to funding affordable housing. Cripple Creek, Hotchkiss and Palmer Lake residents voted to authorize retail marijuana businesses, while authorization is currently leading a close race in Grand Lake, according to unofficial…
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Denver recreational marijuana data sheds light on revenues versus cost of industry
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As Colorado Springs voters weigh whether to legalize recreational marijuana sales, proponents are stressing the potential to collect millions in new city tax revenue and opponents have highlighted high costs it could drive for the city. Voters will consider two recreational marijuana questions in November. One that would only allow the existing 115 medical shops…
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Douglas County voters to consider two new ballot measures in November
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Douglas County Commissioners decided Tuesday that it will ask voters to consider two topics on the November 8 ballot – broadband and open space sales tax. During their regular business meeting, the board adopted a resolution asking voters whether to allow the county to enter into public-private partnerships to improve telecommunications services, such as high-speed…
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Colorado launches free tax clinics to help residents qualify for $750 refund checks
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Though distribution of the $750 Taxpayer’s Bill of Rights refund checks began this month, it’s not too late for Coloradans to file their taxes and qualify. The state is providing free tax clinics over the next two months to help residents file state taxes by the extended Oct. 17 deadline, Gov. Jared Polis announced Friday.…
