The bill says that when there’s a tabor surplus — when revenue exceeds the amount the state is allowed to spend — the state will reactivate the income tax rate. Denver — the state auditor’s office has confirmed colorado.
The Bill Says That When There's A Tabor Surplus — When Revenue Exceeds The Amount The State Is Allowed To Spend — The State Will Reactivate The Income Tax Rate.
Feb 21, 2024 / 06:25 am mst.
The Income Tax Rate Is Expected.
That means the state will now owe taxpayers $67 million more in tabor refunds than anticipated.
You Can Check The Status Of Your Refund On Revenue Online.
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When State Revenue Is Above The Tabor Limit, The Surplus Is Currently Refunded To Taxpayers In The Following Ways Prescribed By.
You can check the status of your refund on revenue online.
On May 14, 2024, Colorado Governor Jared Polis Approved Legislation That Revises Taxpayer's Bill Of Rights (Tabor) Refund Mechanisms, Including Reactivating The.