taxes
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Colorado bill to fund mental health by raising alcohol taxes defeated in House committee
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Colorado legislators on Wednesday narrowly rejected a second measure that would raised taxes on alcohol products in order to fund mental health care treatment in the state. Proponents said the new revenue is necessary to help pay for mental health treatment, while critics said legislators should not be targeting an industry that’s already being squeezed,…
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Lawmakers propose raising excise taxes on alcohol, marijuana to fund mental health spending
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Colorado lawmakers hope to refer a measure to the November ballot that would increase excise taxes on alcohol and marijuana, with the revenue going toward mental health and civil commitment facilities around the state. House Bill 1301, sponsored by Rep. Bob Marshall, D-Highlands Ranch, and Sen. Judy Amabile, D-Boulder, would impose sales tax increases of…
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Democrats want to decouple Colorado from federal tax breaks
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Democratic members of Colorado’s House and Senate on Tuesday announced the introduction of a slew of bills that would reduce corporate tax deductions and sever Colorado’s tax regime from recent federal changes to the tax code. The federal tax changes provide hundreds of millions dollars in tax breaks. Since Colorado conforms to the federal tax…
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Colorado governor pushes back against suspension of Direct File tax service
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Gov. Jared Polis is asking the federal government to reverse its decision to suspend a free tool that streamlines tax filing. Last month, the U.S. Treasury Department announced it is officially suspending Direct File, a free online tax filing platform launched by the IRS last year. Taxpayers in 25 states could access the program during…
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20,000 Colorado taxpayers eligible for $8 million in unclaimed refunds
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The state of Colorado has started sending notices to an estimated 20,000 taxpayers who may be eligible for a total of $8 million in unclaimed tax refunds. The notices, which will be sent out through June 30, 2026, are part of an effort by Gov. Jared Polis, the Colorado Department of Revenue, the New Practice…
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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…
