Measures to lower all state income taxes, require voters to approve fees could make November ballot

Measures to lower all state income taxes, require voters to approve fees could make November ballot

May 18, 2020

Signature gathering for two ballot initiatives to protect Colorado taxpayers are underway. Read the full story in Colorado Politics.

After Gov. Jared Polis announced Saturday that he would allow petition-gathering by mail and email, the conservative Independence Institute think tank in Denver announced a petition drive Monday to ask voters in November to reduce the state income tax rate from 4.63% to 4.55%.

Supporters of both initiatives will have to collect 124,632 signatures from registered Colorado voters to qualify for the ballot in November.

“We think that a small tax cut for everyone makes a lot more sense than a $2 billion tax increase,” Michael Fields, executive director of Colorado Rising State Action, said in a statement. “And even if both pass, the tax cut only has to win by one vote over the tax hike to be implemented, so we like our chances.”

The same coalition also is collecting signatures for ballot initiative to require fees to gain voter approval, the same way they do tax increases under the Taxpayer’s Bill of Rights.

“For too long, politicians have used fees as a way to circumvent taxpayers and grow state government. Large fees pose the same threat to family budgets and our economy as significant tax hikes,” Unite for Colorado CEO Dustin Zvonek said in a statement. “Coloradans have the right to vote on new or higher taxes, we should have the same right when it comes to significant new fees.”

Initiative 295 would apply to new state enterprises of $100 million or more over its first five years.

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