Colorado Income Tax Rate Reduction Initiative (2024)
| Colorado Income Tax Rate Reduction Initiative | |
|---|---|
 | |
| Election date November 5, 2024 | |
| Topic Taxes | |
| Status Not on the ballot | |
| Type State statute | Origin Citizens |
The Colorado Income Tax Rate Reduction Initiative was not on the ballot in Colorado as an initiated state statute on November 5, 2024.
This initiative would have decreased the state income tax rate from 4.40% to 4.35%.[1]
Text of measure
The full text and ballot language for the different versions of the initiative may be found here.
Path to the ballot
The state process
In Colorado, the number of signatures required to qualify an initiated state statute for the ballot is equal to 5 percent of the total number of votes cast for the office of Colorado secretary of state in the preceding general election. State law provides that petitioners have six months to collect signatures after the ballot language and title are finalized. State statutes require a completed signature petition to be filed three months and three weeks before the election at which the measure would appear on the ballot. The Constitution, however, states that the petition must be filed three months before the election at which the measure would appear. The secretary of state generally lists a date that is three months before the election as the filing deadline.
The requirements to get an initiated state statute certified for the 2024 ballot:
- Signatures: 124,238 valid signatures
- Deadline: August 5, 2024
The secretary of state is responsible for signature verification. Verification is conducted through a review of petitions regarding correct form and then a 5 percent random sampling verification. If the sampling projects between 90 percent and 110 percent of required valid signatures, a full check of all signatures is required. If the sampling projects more than 110 percent of the required signatures, the initiative is certified. If less than 90 percent, the initiative fails.
Details about this initiative
- The initiative was filed by Jon Caldara and Vanessa Rutledge. The initiative was cleared to gather signatures between May 16 and August 5, 2024.[1]
- Sponsors did not submit signatures by the deadline on August 5, 2024.[1]
See also
External links
Footnotes
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State of Colorado Denver (capital) |
|---|---|
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