taxes
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Taxpayer ROI: Where Colorado ranks
Taxes? Not much fun. But as tax deadline day looms, are we Coloradans getting as much bang for each buck of our taxes as other states? Turns out that we are – or at least so says a new ranking of “taxpayer return on investment” from WalletHub. It’s clear taxes are a pain for most…
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How Colorado’s congressional delegation voted this week
H.R. 1: Tax Cuts and Jobs Act This was a vote to pass H.R. 1 in the House. The Republican-controlled House gave final approval to the $1.5-trillion tax bill promoted by President Donald Trump as the biggest tax overhaul in 30 years. The bill slashes taxes for corporations and wealthy persons but gives only a…
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New Colorado marijuana excise taxes go into effect Jan. 1
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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Democratic state Senate candidate Alan Kennedy-Shaffer targeting pot customers with campaign ads
In what could be a first, Democrat Alan Kennedy-Shaffer, one of five Democrats running for an open state Senate seat in next year’s election, plans to start running campaign ads through the primary on video screens at marijuana dispensaries throughout the Denver district. Kennedy-Shaffer told Colorado Politics his campaign ads touting the attorney as a…
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Colorado marijuana sales hits $1 billion in first eight months of 2017
Colorado’s legal marijuana industry generated a record $1 billion in sales during the first eight months of 2017, producing more than $160 million in taxes and fees for critical Colorado services. With more than $1.02 billion in collective medical and recreational sales through August, sales are up 21 percent from the same period last…
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Colorado Springs voters getting their money’s worth on road tax, report says
Recalling a recent conversation, City Councilman Merv Bennett said some people joke that Pikes Peak has been replaced as Colorado Springs’ most prominent landmark. Now, it’s orange traffic cones. The ubiquitous cones marking detours around street work are a result of construction funded by 2C, a ballot issue approved by voters in November 2015 dedicating…
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Colorado state Sen. Ray Scott updates the news about taxes on bicycles
Last week Colorado Politics was the first to tell you about Sen. Ray Scott’s talk on social media about taxing bicycles. In an interview with us, the Republican pragmatist from Grand Junction said cyclists use the roads just like other forms of transportation, but unlike owners of those other forms of transportation, cyclists pay no…
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Colorado Supreme Court asked to weigh what constitutes a ‘tax’ or a ‘fee’
The Colorado Supreme Court is being asked to review what constitutes a “fee” or a “tax,” which could leave funding for elections in jeopardy. The case, initially filed by the National Federation of Independent Business, claims that businesses carry an unfair burden of the cost of funding state and county elections through business filings. The group…
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Small-biz lawsuit: A tax by any other name — still smells like a tax
ColoradoPolitics.com’s Peter Marcus reported in March on a legal development that could have big implications for the ability of the Colorado Secretary of State’s Office to fund its wide-ranging operations – including the state’s elections. At issue is whether the fees the office charges businesses to register and file other paperwork with the state are in fact…