Ballot Title Setting Board
2019-2020

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

STATE TAXES SHALL BE INCREASED $223.7 MILLION ANNUALLY ON CORPORATIONS IN THE FIRST FULL FISCAL YEAR, AND BY SUCH AMOUNTS THAT ARE RAISED THEREAFTER, BY A CHANGE TO THE COLORADO REVISED STATUTES THAT LIMITS CERTAIN CORPORATE TAX DEDUCTIONS IN ORDER TO OFFSET THE COSTS OF CREATING AN OUT-OF-SCHOOL LEARNING OPPORTUNITIES PROGRAM FOR COLORADO CHILDREN, AND, IN CONNECTION THEREWITH, PROVIDING PARENT-DIRECTED FINANCIAL AID TO BE USED FOR OUT-OF-SCHOOL LEARNING OPPORTUNITIES SUCH AS TUTORING, SUPPLEMENTAL INSTRUCTION IN CORE SUBJECTS, SUPPORT FOR STUDENTS WITH SPECIAL NEEDS, LANGUAGE PROGRAMS, ART AND MUSIC, AND CAREER AND TECHNICAL EDUCATION TRAINING; REQUIRING THE AWARD OF FINANCIAL AID TO PRIORITIZE LOW AND MIDDLE-INCOME STUDENTS; CREATING AN INDEPENDENT AGENCY TO OVERSEE THE PROGRAM TO ENSURE FINANCIAL ACCOUNTABILITY AND TRANSPARENCY AND TO SELECT A NONPROFIT TO ADMINISTER THE PROGRAM; ALLOWING A STATE INCOME TAX CREDIT OF 100% OF A TAXPAYER’S CONTRIBUTION TO THE PROGRAM; TEMPORARILY LIMITING THE NET OPERATING LOSS DEDUCTION FOR CORPORATIONS TO OFFSET THE TAX REVENUE LOSS RESULTING FROM THE INCOME TAX CREDIT; AND EXEMPTING THE INCREASED TAX REVENUE FROM ALL REVENUE AND SPENDING LIMITATIONS AS A VOTER-APPROVED REVENUE CHANGE.

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

SHALL STATE TAXES BE INCREASED $223.7 MILLION ANNUALLY ON CORPORATIONS IN THE FIRST FULL FISCAL YEAR, AND BY SUCH AMOUNTS THAT ARE RAISED THEREAFTER, BY A CHANGE TO THE COLORADO REVISED STATUTES THAT LIMITS CERTAIN CORPORATE TAX DEDUCTIONS IN ORDER TO OFFSET THE COSTS OF CREATING AN OUT-OF-SCHOOL LEARNING OPPORTUNITIES PROGRAM FOR COLORADO CHILDREN, AND, IN CONNECTION THEREWITH, PROVIDING PARENT-DIRECTED FINANCIAL AID TO BE USED FOR OUT-OF-SCHOOL LEARNING OPPORTUNITIES SUCH AS TUTORING, SUPPLEMENTAL INSTRUCTION IN CORE SUBJECTS, SUPPORT FOR STUDENTS WITH SPECIAL NEEDS, LANGUAGE PROGRAMS, ART AND MUSIC, AND CAREER AND TECHNICAL EDUCATION TRAINING; REQUIRING THE AWARD OF FINANCIAL AID TO PRIORITIZE LOW AND MIDDLE-INCOME STUDENTS; CREATING AN INDEPENDENT AGENCY TO OVERSEE THE PROGRAM TO ENSURE FINANCIAL ACCOUNTABILITY AND TRANSPARENCY AND TO SELECT A NONPROFIT TO ADMINISTER THE PROGRAM; ALLOWING A STATE INCOME TAX CREDIT OF 100% OF A TAXPAYER’S CONTRIBUTION TO THE PROGRAM; TEMPORARILY LIMITING THE NET OPERATING LOSS DEDUCTION FOR CORPORATIONS TO OFFSET THE TAX REVENUE LOSS RESULTING FROM THE INCOME TAX CREDIT; AND EXEMPTING THE INCREASED TAX REVENUE FROM ALL REVENUE AND SPENDING LIMITATIONS AS A VOTER-APPROVED REVENUE CHANGE?

January 15, 2020 - Hearing

Single subject approved; staff draft amended; titles set. Hearing adjourned 12:17 PM.

February 5, 2020 - Rehearing 

Motion for Rehearing granted as it applies to single subject. Title setting denied on the basis that the measure does not constitute a single subject. Hearing adjourned 11:28 AM.

* Unofficially captioned "State Out-of-School Learning Opportunities Program" by legislative staff for tracking purposes. This caption is not part of the titles set by the Board.