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Here’s how lawmakers want to pay for $78 billion child tax credit and business tax bill
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Approved, denvergazette.com, National

Here’s how lawmakers want to pay for $78 billion child tax credit and business tax bill

By Zachary Halaschak, Washington Examiner | SOURCE: THE GAZETTE The $78 billion bipartisan proposal that would expand the child tax credit and renew key business investment deductions is meant to be fully paid for — here is how. The House Ways and Means Committee advanced the bipartisan bill on Friday in an overwhelming 40-3 vote, moving it one step closer to becoming law. The legislation enhances the child tax credit while restoring some major business tax provisions and would pay for it through changes to the pandemic-era employee retention tax credit, or ERC. The $78 billion bill, which came after weeks of negotiations, would be offset by stronger enforcement and penalties tied to fraudulent ERC claims and would bring an early end to...
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Douglas County sues to overturn state board’s decision to block property tax relief plan
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Approved, Denver Metro, Local, The Colorado Sun

Douglas County sues to overturn state board’s decision to block property tax relief plan

By Jesse Paul, Colorado Sun Douglas County is suing a state board that last month blocked the county’s creative attempt to offer a $28 million property tax break to homeowners by making an across-the-board reduction in previously determined home values.  The 15-page lawsuit was filed Tuesday in Denver District Court against the State Board of Equalization. It argues that the board didn’t have the authority to block the tax break and that it didn’t follow Colorado’s open meetings laws in doing so.  The county is asking a judge to overturn the board’s unanimous decision to stop the reduction in home values.  The Douglas County Commission voted in September to reduce the county’s valuations, determined in May, of single-family homes, townhomes an...
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Polis’ Ambitious Housing and Property Tax Reform Faces Harsh Criticism
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Approved, State, thelobby-co.com

Polis’ Ambitious Housing and Property Tax Reform Faces Harsh Criticism

SOURCE: TheLobby-CO.com During his State of the State address, Governor Jared Polis outlined an extensive set of policy goals aimed at addressing Colorado's housing shortage and property tax issues. However, critics argue that his proposed solutions rely on liberal "big government" approaches that may have unintended consequences and fail to address the root causes of the problems. Governor Polis, emboldened by his re-election and speculation about a potential presidential run, challenged both parties to adopt unconventional thinking in order ‘to make the state more livable and affordable.’ He called on Democrats to reconsider their opposition to cutting the income tax, a plea that has historically fallen flat among the Democrat majorities in the legislature. Polis urged legis...
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