Mar 17

Will The Left Abolish TABOR?

Friday @CompleteCO update:
@JonCaldara, @MichaelCLFields and @benamurrey on defending and strengthening the Taxpayer’s Bill of Rights
#copolitics
http://CompleteColorado.com

https://twitter.com/CompleteCO/status/1636728225970946048?s=20

Click this link, https://www.youtube.com/watch?v=gGkh2Kg-MJU, to watch Jon Caldara, Michael Fields, and Ben Murrey discuss TABOR;

 

Feb 09

IRS tells Coloradans to hold off on filing as it considers taxing TABOR refund

The IRS says our TABOR refunds may be subject to income tax. It’s asking Coloradans to hold off on filing their taxes until it makes a determination.

If you received a TABOR refund last year, you might owe federal taxes on that money.

It is the first time the agency has questioned the taxability of TABOR refunds since voters passed the Taxpayer Bill of Rights 30 years ago.

The constitutional amendment caps the amount of revenue the state is allowed to keep and, anything over that cap, needs to be sent back to taxpayers.

Last year, it was nearly $3 billion, which resulted in $750 checks for individuals and $1,500 for joint filers. Continue reading

Nov 13

TABOR Turns 30: Thirty Years of Colorado’s Taxpayer’s Bill of Rights

This month marks the 30th anniversary of Colorado’s Taxpayer’s Bill of Rights (TABOR), which was approved by voters in November of 1992 as a constitutional tax and expenditure limit (TEL). TABOR is considered the gold standard of state fiscal rules because it limits the growth of most of Colorado’s spending and revenue to inflation plus population. If the state government collects more tax dollars than TABOR allows, the money is returned to taxpayers as a TABOR refund. The receipt of tax rebates, totaling $8.2 billion since TABOR passed in 1992, has strengthened Colorado citizens’ confidence in the TABOR Amendment over the years. To learn more about TABOR and effective TELs, read our latest report and visit FiscalRules.org.


 

Nov 12

Reining in the Size and Scope of State Government

In celebration of thirty years of the Colorado Taxpayer’s Bill of Rights (TABOR), ALEC today launched its Fiscal Rules campaign, featuring the interactive Fiscal Rules microsite, new Fiscal Rules animated video, and new report, “TABOR Turns 30: Thirty Years of Colorado’s Taxpayer’s Bill of Rights.”

https://www.fiscalrules.org/