Ballot Title Setting Board
2003-2004

The title as designated and fixed by the Board is as follows:

An amendment to the Colorado constitution concerning tax cuts, and, in connection therewith, establishing a $25 tax cut that increases $25 yearly to lower each 2005 and later state and local tax in each tax bill for each: (1) utility and television account customer tax and franchise charge, (2) vehicle sales, use, and ownership tax, and real estate transfer tax, on each $25,000 of taxable value, and fraction thereof, (3) yearly income tax on each $25,000 of state taxable income, and fraction thereof, up to $100,000, (4) occupation tax, and (5) yearly property tax; allowing voters to lower or cancel, and governments to reduce or delay, tax cuts in certain circumstances; allowing governments to let taxpayers refuse the tax cut on each tax bill; requiring governments to refund twice the tax cut amount illegally withheld if certain conditions are violated; specifying these tax cuts do not lower the minimum yearly revenue needed to pay bonds issued before 2005; and requiring compliance audits and strict enforcement by the state.

The ballot title and submission clause as designated and fixed by the Board is as follows:

Shall there be an amendment to the Colorado constitution concerning tax cuts, and, in connection therewith, establishing a $25 tax cut that increases $25 yearly to lower each 2005 and later state and local tax in each tax bill for each: (1) utility and television account customer tax and franchise charge, (2) vehicle sales, use, and ownership tax, and real estate transfer tax, on each $25,000 of taxable value, and fraction thereof, (3) yearly income tax on each $25,000 of state taxable income, and fraction thereof, up to $100,000, (4) occupation tax, and (5) yearly property tax; allowing voters to lower or cancel, and governments to reduce or delay, tax cuts in certain circumstances; allowing governments to let taxpayers refuse the tax cut on each tax bill; requiring governments to refund twice the tax cut amount illegally withheld if certain conditions are violated; specifying these tax cuts do not lower the minimum yearly revenue needed to pay bonds issued before 2005; and requiring compliance audits and strict enforcement by the state?

Hearing April 2, 2003

Single subject approved; titles set.
Hearing adjourned 9:24 p.m.

Hearing April 16, 2003

Motion for Rehearing denied.
Hearing adjourned 5:58 p.m.

* Unofficially captioned "Amend TABOR - Tax Cuts" by legislative staff for tracking purposes. Such caption is not part of the titles set by the Board.