Editor:
The TABOR Committee supports the Taxpayer’s Bill of Rights. We’re writing to remind you to claim your TABOR refund on this year’s tax return. To obtain between $19 and $118, be sure to claim your refund on page 6 of the state income tax report.
The state’s tax code is designed to bring in more and more money in good times, above what the TABOR limit allows. TABOR provides for automatic increases in tax revenue while preventing government from growing out of control and taking an ever-larger share of family and business budgets. When the TABOR limit is exceeded, tax law restores the over-collection back to you in the form of TABOR refunds.
This year, the TABOR refund is rather small.
Your refund would have been about four times as large, except the legislature got sneaky in 2024 and opened a loophole that TABOR allowed by being flexible. They created a new welfare program, a redistribution, only available if there is a TABOR surplus.
Making a welfare program dependent on taking our refunds is also unfair to the people who get the subsidy, because they may come to depend on it, yet it will be jerked away entirely if the economy turns down. Better the program should be funded inside the state budget with transparency and certainty and in competition with all other state priorities.
Jason Bailey
Colorado native
Comments
No comments on this item Please log in to comment by clicking here