Colo. Senate Democrats: Lawmakers Introduce New TABOR Refund Mechanism, Advance Tax Credits for Working Families
May 02, 2024
May 02, 2024
DENVER, Colorado, May 2 -- The Colorado Senate Democrats issued the following news release on May 1, 2024:
Lawmakers yesterday introduced legislation that will restructure the refund mechanisms for state revenue collected above the TABOR cap.
The bipartisan bill will temporarily lower income tax rates and create a new formula to determine future refund amounts through the six-tier refund mechanism and income rate reductions, and sales and use tax reductions in years wit . . .
Lawmakers yesterday introduced legislation that will restructure the refund mechanisms for state revenue collected above the TABOR cap.
The bipartisan bill will temporarily lower income tax rates and create a new formula to determine future refund amounts through the six-tier refund mechanism and income rate reductions, and sales and use tax reductions in years wit . . .