Larson Silbaugh
Author
Description
The final Residential Assessment Rate Study released by the Division of Property Taxation on April 17, 2017 estimates a residential assessment rate of 7.20 percent for 2017 and 2018. The General Assembly must pass a bill before this rate becomes law. Compared with the baseline forecast which was predicated on the December 2016 Legislative Council Staff assessed values forecast, the local share for school finance with a residential assessment rate...
Author
Series
Description
Three state taxes apply to marijuana, but medical and retail marijuana are taxed differently. Both medical and retail marijuana are subject to the 2.9 percent state sales tax, which is applied to most purchases in the state. Tax revenue collected from the sale of marijuana is deposited in two different funds: the Building Excellent Schools Today (BEST) Fund and the Marijuana Tax Cash Fund (MCTF)
Author
Series
Issue brief volume 15-07
Pub. Date
2015.
Description
Colorado's Taxpayer's Bill of Rights (TABOR) requires voter approval of any new taxes. Prior to voter approval, it also requires that voters receive estimates of state spending without new taxes and the new tax revenue. This issue brief provides background information on one of the consequences of actual collections differing from what was provided to voters.
Author
Pub. Date
2013.
Description
This memorandum provides an overview of the transfers and economic triggers created in Senate Bill 09-228. Senate Bill 09-228 altered the limit on General Fund appropriations, created future transfers from the General Fund to transportation and capital construction, and increased the General Fund statutory reserve in future fiscal years.
Author
Pub. Date
2013.
Description
The American Taxpayer Relief Act of 2012 (Act) addressed uncertainties related to federal tax policy by extending most of the Bush-era individual and corporate income tax provisions for the middle class. In general, the Act is consistent with assumptions made during the preparation of the Legislative Council Staff December 2012 revenue forecast.
Author
Pub. Date
2012.
Description
Under current law, a number of federal fiscal policies are scheduled to take effect on January 1, 2013, that will reduce the deficit by an estimated $534 billion in 2013. The reduced deficit is achieved by raising $4.93 in taxes for every $1.00 in spending cuts. If Congress and the President do not act, then federal fiscal policy will be significantly tighter. The combination of rapidly tightening fiscal policy and slow economic growth will likely...
Author
Pub. Date
2012.
Description
Colorado began receiving MSA payments in 1999. The state legislature has changed how it has used this money over time. Currently, most of the payments goes to programs in the Department of Health Care Policy and Financing and the Department of Public Health and Environment, though other departments receive payments as well.
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