taxes
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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.…
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Recreational marijuana questions head to ballot in Colorado Springs amid market slump
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The Colorado Springs City Council put the final administrative stamp of approval Wednesday on recreational marijuana questions that will head to the voters in November amid a downturn in the cannabis market statewide and locally. The board voted 8 to 2 to forward a citizen-backed question to voters that, if approved, would allow the existing…
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Polis urges Coloradans to file taxes by June 30 to get $500 rebate
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Gov. Jared Polis urged Coloradans Monday to file their taxes by the end of the month in order to receive at least $500 by September. Residents who file state taxes by June 30 are expected to get $500 for individual tax filers and $1,000 for joint filers through the “Colorado Cashback Rebate” – an expedition…
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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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Conservatives target transportation funding in TABOR lawsuit
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Colorado’s leading conservatives, along with a free-market group, are challenging last year’s law that created hundreds of millions of dollars in new fees to fund the state’s transportation system and other programs. In a lawsuit this week, Sen. Jerry Sonnenberg, R-Sterling, and residents Michael Fields and Richard Orman, joined Americans for Prosperity in asking Denver…
