Taxes

Total marijuana sales in Colorado reached $167 million in February, the state's revenue department has announced.

The US treasury secretary, Janet Yellen, is calling for governments around the world to support the US in setting up a global minimum corporation tax rate.

The effective state and local tax rate for Colorado residents in 2019 was 9.4 percent, the 34th highest percentage among the 50 states.

President Joe Biden just proposed a roughly US$2 trillion infrastructure plan, which he ambitiously compared to the interstate highway system and the space race.

Sports betting wagers in Colorado dropped 18.5% last month from the prior month, according to the state's revenue office.

The Internal Revenue Service has postponed the April 15 tax filing deadline to May 17. If taxpayers need even more time to file federal returns, the agency added, they can request an extension until Oct. 15.

A $3.9 billion fee proposal unveiled this week by Colorado Democrats to fund and update the state's transportation system is being met with strong opposition.

Actual tax revenues in Kansas for the month of February were 4.5% above the projected estimate, bringing in $19.8 million in additional funds.

Colorado ranks 19th of the 50 states in reliance on sales tax revenue.

Marijuana sales in Colorado reached $187,603,697 in January, the state's revenue department said this week.