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Colorado Preservation of Flat Tax Rate Initiative (2018)
| Colorado Preservation of Flat Tax Rate Initiative | |
|---|---|
 | |
| Election date November 6, 2018 | |
| Topic Taxes | |
| Status Not on the ballot | |
| Type State statute | Origin Citizens |
The Colorado Preservation of Flat Tax Rate Initiative (#174) will not appear on the ballot in Colorado as an initiated state statute on November 6, 2018.
This measure would have preserveed Colorado's flat income tax rate. In 1992, the citizens of Colorado adopted an amendment to the Colorado Constitution that requires Colorado income tax to be a flat tax with only one rate. The measure would have preserved the flat income tax rate even if the constitutional provision were to be repealed in an effort to raise or cut income taxes in certain tax brackets. The income tax rate for 2017 was 4.63%. [1][2]
Text of measure
Full text
- The full text of the measure is available here.
Ballot title
The ballot title for initiative is below:[2]
| Initiative 174 ballot title | |||||
|---|---|---|---|---|---|
|
Shall there be a change to the Colorado revised statutes concerning a requirement that all of the income of any individual, estate, or trust be taxed at one rate, and, in connection therewith, if an initiated 2018 statewide ballot measure is approved that repeals the existing constitutional requirement that all taxable net income be taxed at one rate and that measure or another law imposes an income tax rate other than the current 4.63 percent rate on any individual, estate, or trust income, requiring that tax rate to be imposed on all such income; and providing that any resulting revenue is a voter-approved revenue change exempt from any state revenue, spending, or other limitations in law? | |||||
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 2018 ballot:
- Signatures: 98,492 valid signatures were required.
- Deadline: The deadline to submit signatures was August 6, 2018.
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
- Jon Caldara and Mike Krause submitted this initiative on April 6, 2018.[2]
- A ballot title was issued for it on April 18, 2018.[2]
- The measure was withdrawn by the proponents.
See also
External links
Footnotes
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