TABOR

Who Raided Your Share of $2.8 Billion in TABOR Tax Refunds?

As a result of 101 bills passed by the Colorado legislature, over $2.8 billion in state TABOR refunds will not be distributed to Colorado taxpayers between 2024 and 2026, according to a recent report from the Common Sense Institute (CSI). This amount represents nearly half of the projected $6 billion in TABOR refunds expected over the next three years.

Who Raided Your Share of $2.8 Billion in TABOR Tax Refunds? Read More »

Colorado owes taxpayers $34M in refunds it never sent. That means trouble for the state budget. 

The state government owes Colorado taxpayers an extra $34 million in refunds it should have sent out years ago, legislative budget staff told lawmakers Friday, blowing a hole in the state’s budget with just days left in the 2024 legislative session.

Colorado owes taxpayers $34M in refunds it never sent. That means trouble for the state budget.  Read More »

Democrats make deal with governor to redirect TABOR refunds to low-income families

Democrats in the Colorado legislature on Tuesday announced a deal with Gov. Jared Polis to make sweeping changes to the state tax code that reduce income taxes and redirect hundreds of millions of dollars of taxpayer refunds to low-income parents and the middle class.

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The votes are in and here’s what Colorado lawmakers want to spend money on

With the state’s spending plan completed and on its way to the governor, along with funding for K-12 education, lawmakers are turning their attention in the final weeks of the legislative session to tax credits and bills totaling billions of dollars that will likely tap into the Taxpayer’s Bill of Rights surplus.

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Martinez: Court sends a reminder; tax hikes require voter consent

In a major victory for taxpayers, a unanimous panel of the Colorado Court of Appeals agreed with the National Taxpayers Union Foundation’s Taxpayer Defense Center (NTUF) that an overnight doubling of the property taxes in a few Northern Colorado counties violated the Colorado Taxpayer’s Bill of Rights (TABOR).

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TAX DAY: Colorado tax experts busy this season due to state TABOR refund

Tax Day marks the last day to file your taxes, or you will need to get an extension. The IRS is estimating 19 million taxpayers will file for an automatic six-month extension. Although an extension grants extra time to file, the IRS says it does not extend the obligation to pay.

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