Businesses in Colorado are facing a sharp increase in taxes unless voters approve repeal of the Gallagher Amendment according to a trade group report.
Colorado State Senator Jerry Sonnenberg argues Proposition 116 is an equal tax cut with a modest reduction in the income tax rate.
At $0.32 per gallon, wine taxes in Colorado rank 40th in the United States.
Delinquent personal property taxes due for the year 2020 in Kiowa County, Colorado
Some states and local governments are looking to raise taxes to make up for budget shortfalls caused by economic shutdowns due to the COVID-19 coronavirus pandemic.
The Kiowa County Commissioners regular meeting was called to order by Chairman Richard Scott on June 25, 2020 at 9:00 a.m. Oswald opened the meeting with prayer and the Pledge of Allegiance. Those in attendance:
Oswald moved and Robertson seconded the motion to approve the minutes as presented. Motion carried.
Online sports betting generated $95,000 in taxes on $25.6 million in wagers during Colorado's first month of legalized online sports gambling.
Colorado Governor Jared Polis says a recession is not the right time to raise taxes to offset losses.
The IRS has had trouble getting money to people quickly because millions of Americans pay for their tax preparation through a baroque system of middlemen.
Colorado taxpayers will get an extension in the state income tax filing deadline because of the coronavirus outbreak.
Governor Jared Polis announced at a Friday news conference that he was extending the deadline 90 days until July 15, "without penalty, without interest."
"That includes all filers, small businesses, all individuals - all filers," he said.
"Colorado has 2.5 million taxpayers including individuals and businesses and we hope this gives them one less thing to worry about in the midst of this crisis," Polis added.
