Ballot Title Setting Board
2015-2016

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

STATE TAXES SHALL BE INCREASED $220 MILLION ANNUALLY BY IMPOSING AN ADDITIONAL TAX OF ONE-HALF PERCENT ON COLORADO TAXABLE INCOME THAT EXCEEDS $405,000 OF EACH INDIVIDUAL, ESTATE, OR TRUST AND, IN CONNECTION THEREWITH, EXCLUDING THE NEW REVENUE FROM THE STATE FISCAL YEAR SPENDING LIMITATION; USING THE NEW REVENUE FIRST TO FUND A REFUNDABLE INCOME TAX CREDIT FOR ANY ELECTOR WHO VOTES IN A COLORADO GENERAL ELECTION AND, FOR ANY EXCESS REVENUE, TO INCREASE THE GENERAL FUND; AND PROVIDING THAT THE CREDIT WILL BE CALCULATED BY DIVIDING THE TOTAL AMOUNT OF NEW REVENUE BY THE ELIGIBLE NUMBER OF VOTERS.

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

SHALL STATE TAXES BE INCREASED $220 MILLION ANNUALLY BY IMPOSING AN ADDITIONAL TAX OF ONE-HALF PERCENT ON COLORADO TAXABLE INCOME THAT EXCEEDS $405,000 OF EACH INDIVIDUAL, ESTATE, OR TRUST AND, IN CONNECTION THEREWITH, EXCLUDING THE NEW REVENUE FROM THE STATE FISCAL YEAR SPENDING LIMITATION; USING THE NEW REVENUE FIRST TO FUND A REFUNDABLE INCOME TAX CREDIT FOR ANY ELECTOR WHO VOTES IN A COLORADO GENERAL ELECTION AND, FOR ANY EXCESS REVENUE, TO INCREASE THE GENERAL FUND; AND PROVIDING THAT THE CREDIT WILL BE CALCULATED BY DIVIDING THE TOTAL AMOUNT OF NEW REVENUE BY THE ELIGIBLE NUMBER OF VOTERS?

Hearing December 16, 2015

Single subject approved; staff draft amended; titles set.
Hearing adjourned 2:20 PM.

* Unofficially captioned “Voter Tax Credit” by legislative staff for tracking purposes. This caption is not part of the titles set by the Board.