Colorado Reduce State Income Tax Rate Initiative (2022)
Colorado Reduce State Income Tax Rate Initiative | |
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Election date November 8, 2022 | |
Topic Taxes | |
Status Not on the ballot | |
Type State statute | Origin Citizens |
The Colorado Reduce State Income Tax Rate Initiative was not on the ballot in Colorado as an initiated state statute on November 8, 2022.
A different initiative to decrease the state income tax rate from 4.55% to 4.40% (including for domestic and foreign C corporations) for tax years commencing on or after January 1, 2022, was certified for the 2022 ballot in Colorado.
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 2022 ballot:
- Signatures: 124,632 valid signatures
- Deadline: August 8, 2022
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 Eric Broughton filed the initiative on April 8, 2022. Ballot language was provided for the initiative on April 21, 2022.[1]
- The measure was not cleared for circulation before the signature deadline.[1]
See also
External links
- Initiative #130 full text
- Colorado Secretary of State: Initiative Filings, Agendas & Results
- Initiatives filed with the Legislative Council Staff
Footnotes
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State of Colorado Denver (capital) |
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