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Tag: Tax policy

Colorado Schools Receive $24 Million to Expand Free Meals Program
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Colorado Politics, Approved, State

Colorado Schools Receive $24 Million to Expand Free Meals Program

By: Marissa Ventrelli | Colorado Politics The Colorado Department of Education is providing Colorado schools with nearly $24 million in grant funding to implement a free lunch program. Approved by voters in 2022, the Healthy School Meals for All provides free breakfast and lunch to all public school students in the state, as well as wage increases for cafeteria staff. The program is funded through a tax increase on households making more than $300,000 a year. Because initial estimates fell short of the actual costs, the program ran into fiscal challenges right from the start and had never been deployed in its entirety. A pair of ballot measures approved by voters last year allows the state to keep additional revenue and interest from income tax deductions to help pay f...
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Luxury Car Owners Use Montana LLCs to Sidestep Colorado Registration Costs
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Colorado Politics, Approved, State

Luxury Car Owners Use Montana LLCs to Sidestep Colorado Registration Costs

By: Marianne Goodland | Colorado Politics Coloradans looking to avoid high vehicle registration fees have increasingly turned to what’s known as the “Montana loophole” — a strategy that surfaced recently at a luxury car event near the Cherry Creek Mall. Here’s how it works. A Colorado resident buys a high-end vehicle — anything from a large recreational vehicle to a supercar like a 2022 McLaren 765LT Spider, which was recently listed in Boulder for more than $1 million. The buyer then forms a limited liability company in Montana, a service some firms advertise for about $1,000, and registers the vehicle under that LLC. The vehicle is still owned, maintained and driven in Colorado, meaning it uses state roads and services here. But because it’s registered to an o...
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Polis Warns Socialism Could Destroy Colorado
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The Denver Gazette, Approved, State

Polis Warns Socialism Could Destroy Colorado

By: The Denver Gazette | The Denver Gazette The ideological divide within the Colorado Democratic Party once more burst into the open on Wednesday when Gov. Jared Polis responded to a legislator’s criticism by referencing Zimbabwe’s socialist experiment. “Thanks to socialism, the average Zimbabwean became a trillionaire,” the governor posted on X, using his personal account, referring to the oft-repeated sarcastic jab at the African nation, which experienced one of the worst inflationary arcs in history under Robert Mugabe. Polis was responding to Rep. Yara Zokaie, D-Fort Collins, who said the governor is scared of socialists because of his wealth. READ THE FULL ARTICLE AT THE DENVER GAZETTE
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Initiative 195 would raise taxes on Colorado’s top earners. A new report asks whether they’d stay.
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Rocky Mountain Voice, State, Top Stories

Initiative 195 would raise taxes on Colorado’s top earners. A new report asks whether they’d stay.

By Jen Schumann | Rocky Mountain Voice The income tax on a Colorado household earning under $25,000 would fall by $9 a year under Initiative 195. A filer reporting between $2 million and $5 million would pay about $13,914 more. Both figures come from the measure's certified ballot title. The Common Sense Institute, a free-market policy group in Greenwood Village, says that second household is also the one most likely to pack up and leave Colorado, and that the state would lose part of the revenue the tax is supposed to bring in right along with it. Initiative 195 would end Colorado's flat income tax. The state taxed income on a graduated scale for its first 50 years, then switched in 1987 to a single rate, now 4.4 percent, that applies to every earner.  In its place, 1...
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Transportation Funding Showdown Continues Between Lawmakers And Initiative Backers
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Colorado Politics, Approved, State

Transportation Funding Showdown Continues Between Lawmakers And Initiative Backers

By: Marissa Ventrelli | Colorado Politics The standoff over Colorado’s road‑funding initiative will continue after supporters declined state lawmakers’ request to withdraw the measure, while both sides signaled they are still willing to pursue a broader agreement ahead of the fall deadline. Initiative No. 175, backed by the coalition Restore Our Roads, would require that all transportation-related revenue be used exclusively for building and repairing roads and bridges, improving safety, conducting transportation planning and engineering, and supporting Colorado State Patrol operations. A petition for the measure received over 180,000 signatures and is currently being reviewed by the Secretary of State’s Office. To qualify for the November ballot, just over 124,000 of ...
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Colorado protected school funding without touching TABOR refunds. Now it wants those too.
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Rocky Mountain Voice, State, Top Stories

Colorado protected school funding without touching TABOR refunds. Now it wants those too.

By Shaina Cole | Contributing Writer, Rocky Mountain Voice Last session, the Colorado General Assembly passed a bill asking voters to waive their TABOR refunds to fund education.  The ballot title calls it "without raising taxes." No rates change.  But it asks Coloradans to let the state keep money the constitution currently requires it to give back, and it comes one year after the legislature moved more than $200 million into a protected school account without touching anyone's refund at all. The two moves address the same problem. They work very differently. What the legislature did first In 2025, tucked inside HB25-1320, the School Finance Act, a Senate Appropriations Committee amendment drafted by Sen. Kolker (D) and Sen. Kirkmeyer (R), created something...
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Tax Fight At Capitol Ends As Polis Signals Veto Threat
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Complete Colorado, Approved, State

Tax Fight At Capitol Ends As Polis Signals Veto Threat

By Nash Herman | Complete Colorado Governor Polis played an important role in killing two of the most anti-business bills introduced this legislative session, in a rare moment of follow through on his proposed tax policy.   Is it too little too late?  How Polis killed the bills House Bills 1221 and 1222 were part of a four-bill package by progressive lawmakers that Mike Rosen dubbed the “Four Big Ugly Bills,” for their obvious hostility to Trump’s One Big Beautiful Bill Act (OBBBA) and anti-business aims.  Because Democrat lawmakers could not stand that the OBBBA cut taxes for most Coloradans, they designed the four bills to decouple aspects of the Colorado tax system from federal policy and eliminate certain tax break...
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Colorado Tax Data Raises Questions About Calls For Higher Taxes On Wealthy
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Colorado Accountability Project, Approved, State

Colorado Tax Data Raises Questions About Calls For Higher Taxes On Wealthy

By Cory Gaines | Commentary, Colorado Accountability Project Colorado’s “rich” are already paying a lot (A LOT) Tax Day, both the day when tax returns are due and the day at which you have worked enough to pay your taxes (and start working for yourself) recently passed. Around that date I saw something online giving a breakdown of Federal tax receipts vs. income group and it got me thinking about Colorado’s tax receipts vs. income. After doing some digging I have some data to share, and, as the top line here suggests, the “rich” in Colorado are already paying quite a bit. Certainly a giant percent of state revenue compared to how many filers there are. As I’ll show below, if you look at the percentage of total tax receipts vs. the percentage of taxpayers ...
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Big business taxes, small family credits, and a permanent tax on overtime
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Rocky Mountain Voice, State, Top Stories

Big business taxes, small family credits, and a permanent tax on overtime

By Shaina Cole | Contributing Writer, Rocky Mountain Voice Rep. Yara Zokaie stood before the House Finance Committee on March 9 and made the case for HB26-1221, a bill targeting executive pay deductions and corporate loss carry-forwards. "Our families are struggling to juggle their rent, groceries, and utilities," she said. The legislature had a choice. It could "choose to protect tax breaks for millionaire CEO salaries" or "allow for a break for our hard-working Coloradan families." Zokaie also co-signed HB26-1289. The reengrossed text of that bill, passed by the House on May 4, contains a provision requiring Colorado workers to add their federally exempt overtime pay back into state taxable income. Congress created a federal income tax deduction on overtime pay — up to $12,500 ...
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What tax day looks like in Colorado: A business owner, a paycheck—and what changed this year
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Rocky Mountain Voice, State, Top Stories

What tax day looks like in Colorado: A business owner, a paycheck—and what changed this year

By Jen Schumann | Rocky Mountain Voice A mother approached a federal official after a recent event with a simple observation. She said her daughter, who is working through nursing school, saved about $8,000 because of the no-tax-on-tips provision. “That’s three to four months of rent,” U.S. Small Business Administration Regional Administrator Justin Everett said, recalling the conversation. As Americans file their taxes, Everett is part of an effort to highlight what the administration is calling “Working Family Tax Cuts,” a set of federal tax changes aimed at reducing the burden on small businesses and workers. According to White House estimates Everett cited, Colorado families could see between $4,500 and $8,100 in tax savings, with take-home pay rising higher in some ...
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