A divided Denver City Council on Monday approved a measure that will ask Denver voters in November to hike the city’s sales tax by 0.5 points to generate $100 million, which Mayor Mike Johnston wants to spend on “affordable” housing.Â
Former Denver Mayor Wellington Webb says now isn’t the time to ask voters to approve a sales tax hike for affordable housing. Â
A panel of Colorado lawmakers tasked with crafting long-term property tax policy is meeting on Monday, potentially laying down the groundwork for a special session amid speculation that parties are negotiating a potential compromise that would pull two initiatives from the November ballot in exchange for deeper reductions to people’s tax liabilities.
A ballot initiative to reduce property tax assessment rates has received enough signatures to qualify for the November 2024 ballot, its sponsors announced Tuesday.Â
Denver Mayor Mike Johnston unveiled a proposal Monday to raise $100 million a year for affordable housing projects by raising the sales tax in Denver by 0.5%.
Denver mayor wants a tax increase. Proposes lifting sales tax to 9.31%. Read More »
The IRS and Treasury Department on Monday unveiled a plan to end a major tax loophole used by wealthy taxpayers, a move that could generate as much as $50 billion in revenue over the next decade.
IRS plans to close ‘major’ tax loophole used by wealthy Americans Read More »
Former President Trump’s plan to end taxes on tips could come with a price tag of $250 billion, a budget watchdog estimated in a new analysis.
Analysis: Trump plan to cut taxes on tips would save taxpayers $250 billion over decade Read More »
The idea of ending the sales tax that benefits the Woodland Park School District has, for now, lost traction among members of the city council. But the desire for detailed accountability for how the money is spent has never been stronger.
Woodland Park sales tax repeal proposal could be losing steam Read More »
The work opportunity tax credit (WOTC) rewards businesses that hire workers from certain targeted groups who might otherwise be overlooked in the job market. Businesses of any size can claim the credit for as many eligible workers they employ.
What is the Work Opportunity Tax Credit and how does it benefit business owners? Read More »
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.
Democrats make deal with governor to redirect TABOR refunds to low-income families Read More »
