taxes
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Colorado has raised more than half a billion dollars in cannabis-related revenue
Colorado has received more than $500 million in marijuana-related revenue since recreational cannabis sales began in 2014, according to a new report. Compiled by the Denver-based marijuana policy firm VS Strategies, the report looked at state data, which was released on Wednesday. Pro-marijuana advocates are expected to hold a news conference at noon on Wednesday,…
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Letter: Renewable energy, not coal, is nation’s future
Editor: Naturally, it’s the vice president of the National Association of Mining writing “Energy Department right to study impact of regulations on U.S. power grid.” Trump and the NAM are the only support the coal mining industry has. Carbon pollution from burning coal kills hundreds of thousands of Americans annually according to MIT.edu, and Americans…
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Olympic medalists catch a tax break in Colorado after governor signs bill
Gov. John Hickenlooper on Monday signed a measure that will provide a state income tax deduction for monetary awards received as a result of winning an Olympic medal. House Bill 1104 was signed at a ceremony at the U.S. Olympic Committee in Colorado Springs. The measure follows a move by Congress last year that gave…
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Funt: Fees, fines and fairness
Which best describes your view of America? Everyone pays an equal share? Or, everyone pays his fair share? Both sound reasonable. One hinges on equality, the other on fairness – two principles we generally embrace. But as I wrote in The New York Times the other day, we are increasingly becoming a nation of haves…
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New plan unveiled to raise money for critical Colorado state services with days left in legislature
Despite a dramatic back-and-forth Monday over a plan to free money for critical state services, legislative leaders say they are close to a compromise. The proposal would create a 20-year bond program to direct $1.8 billion towards critical infrastructure, including roads and highways. The first iteration of the legislation started with a $1.35 billion bond program. Lawmakers…
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Hickenlooper vetoes tax credit extension for cigar retailers
Gov. John Hickenlooper on Friday vetoed legislation what would have addressed a tax credit on cigars shipped out of state. The bipartisan Senate Bill 139 would have allowed cigar retailers to claim a tax credit on the state’s 40 percent excise tax for out-of-state sales. The credit is set to expire in September 2018. The…
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Governor signs bill preventing double-taxation of businesses
It’s bad enough if your business mistakenly pays sales or use taxes to the wrong local government. Worse still, though, is when your business is forced to remit the same amount to the correct local government — without having been reimbursed for its innocent mistake in paying the wrong one. That actually has happened, as noted by legislative researchers who did…
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ICYMI: Forgery no-no, SAT test sure looks new, teen seeks DPS board seat and more
Here’s a look at the Colorado political news that might have breezed by right under your nose over the last week. ? A couple of Mesa County women didn’t fool anyone – at least not the people they needed to fool – when they allegedly tried to cast second ballots in last fall’s general election…