Your monthly support provides voters the knowledge they need to make confident decisions at the polls. Donate today.
Colorado tax initiative tests the state's review board
December 13, 2010
DENVER, Colorado: The Colorado Center on Law and Policy has filed an initiative with state officials, however according to the organization the initiative is a test to determine whether the state's Title Setting Review Board will rule that the measure complies with the constitution's single-subject requirement. The measure, however, is drawing some concern. Some argue that it might be a firm proposal for a tax-hike increase and disagree with the proposed measure.[1]
According to the proposed measure: a graduated corporate and individual income taxes would be implemented; the state's sales tax would be lowered from 2.9 cents to 2.7 cents; the sales tax would be extended to include services; business-to-business services and health care would not be taxed; and would repeal the prohibition of a statewide property tax and local income taxes in the Taxpayer's Bill of Rights.[1]
However, Carol Hedges, director of the Colorado Fiscal Policy Institute a part of the Colorado Center on Law and Policy, stressed that the initiative is only a test. "This is part of a research effort to determine what are the possible options that can be presented to voters to address the state's long-term fiscal situation," said Hedges.[1]
The Title Setting Review Board is expected to hear the measure on December 15. An automatic re-hearing is scheduled for January 5, 2011.[1]
According to reports, it is expected that the measure will result in a lawsuit.
See also
|
- 2011 ballot measures
- 2012 ballot measures
- Laws governing the initiative process in Colorado
- Procedures for qualifying an initiative in Colorado
Footnotes
| |||||
