Polis-Backed Bill Redirects $300 Million In TABOR Refunds To Close Budget Gap

By Nash Herman | Complete Colorado

One of Governor Polis’ key requests to balance the state budget using Taxpayer’s Bill of Rights (TABOR) refunds passed out of the legislature and now awaits his signature. 

House Bill 26-1419 will recoup almost $300 million in overcollected revenue that would otherwise be returned to Colorado taxpayers, if the measure can withstand legal challenges. 

TABOR roulette

As previously explained, from the first discussions of the governor’s TABOR refund recoupment proposal, legislative staff voiced their concerns to the Joint Budget Committee (JBC) about the measure’s legality. 

While bill proponents remain adamant that the retroactive changes to tax collections caused by the passage of the federal One Big Beautiful Bill Act entitle the state to recoup the overcollected TABOR dollars, many remain less confident. 

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