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Taxpayers Bill Of Rights

All articles tagged with #taxpayers bill of rights

TABOR Refunds: Controversy, Partisanship, and Repackaging

Originally Published 2 years ago — by FOX 31 Denver

Colorado lawmakers have approved equal Taxpayer's Bill of Rights (TABOR) refunds for taxpayers in the next round of refunds, following the rejection of Proposition HH. The refunds, estimated to be around $847 for single filers and $1,694 for joint filers, will be distributed equally regardless of income levels. However, the passage of a bill to expand the earned income tax credit may lower the amount paid in TABOR refunds to around $800. This is a departure from the normal system, where refunds were based on income levels, with higher earners receiving more.

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"Polis and Democrats propose 10-year plan to curb property tax hikes in Colorado"

Originally Published 2 years ago — by The Colorado Sun

Colorado Governor Jared Polis and Democrats in the state legislature have unveiled a 10-year plan aimed at preventing property taxes from rising too quickly. The plan would reduce Taxpayer’s Bill of Rights refunds to combat a rise in property values that will cause a corresponding jump in homeowners’ and businesses’ tax burden. Proponents of the measure say it would cut the projected property tax increase for the average Colorado homeowner by 62% in the 2023 tax year. The plan would reduce the statewide residential assessment rate and cut the assessment rates for commercial property. The proposal only needs the support of a simple majority in the legislature to get on the November ballot.

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