Ballot Title Setting Board
2019-2020

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

STATE TAXES SHALL BE INCREASED $2,400,000,000 ANNUALLY BY AN AMENDMENT TO THE COLORADO CONSTITUTION AND A CHANGE TO THE COLORADO REVISED STATUTES CONCERNING A GRADUATED STATE INCOME TAX FOR ALL INDIVIDUAL TAXPAYERS, INCLUDING JOINT FILERS, ESTATES, AND TRUSTS, AND, IN CONNECTION THEREWITH, REPEALING THE CONSTITUTIONAL REQUIREMENT FOR A SINGLE RATE INCOME TAX; DECREASING THE INDIVIDUAL INCOME TAX RATE FROM 4.63% TO 4.58% FOR INCOME UP TO $250,000, INCREASING THE INDIVIDUAL INCOME TAX RATE FROM 4.63% TO 7.25% FOR INCOME FROM $250,001 TO $500,000, FROM 4.63% TO 8.50% FOR INCOME FROM $500,001 TO $1,000,000, AND FROM 4.63% TO 9.85% FOR INCOME OVER $1,000,000; ANNUALLY ADJUSTING THE INCOME BRACKETS BY THE PERCENTAGE CHANGE IN COLORADO PERSONAL INCOME; ALLOWING THE STATE TO KEEP AND SPEND THE ADDITIONAL TAX REVENUE GENERATED BY THE TAX RATE CHANGES; REQUIRING AT LEAST 25% OF THE ADDITIONAL REVENUE TO BE USED FOR PRESCHOOL THROUGH TWELFTH GRADE PUBLIC EDUCATION AND THE REMAINDER TO BE USED TO ADDRESS THE IMPACTS OF A GROWING POPULATION AND A CHANGING ECONOMY;AND REQUIRING THE CREATION OF A CITIZEN’S OVERSIGHT COMMITTEE TO ASSURE THAT THEADDITIONAL REVENUE IS USED AS REQUIRED AND A TAX REVIEW COMMISSION TO REPORT ON THE INCOME TAX RATE STRUCTURE ON OR BEFORE 2031.

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

SHALL STATE TAXES BE INCREASED $2,400,000,000 ANNUALLY BY AN AMENDMENT TO THE COLORADO CONSTITUTION AND A CHANGE TO THE COLORADO REVISED STATUTES CONCERNING A GRADUATED STATE INCOME TAX FOR ALL INDIVIDUAL TAXPAYERS, INCLUDING JOINT FILERS, ESTATES, AND TRUSTS, AND, IN CONNECTION THEREWITH, REPEALING THE CONSTITUTIONAL REQUIREMENT FOR A SINGLE RATE INCOME TAX; DECREASING THE INDIVIDUAL INCOME TAX RATE FROM 4.63% TO 4.58% FOR INCOME UP TO $250,000, INCREASING THE INDIVIDUAL INCOME TAX RATE FROM 4.63% TO 7.25% FOR INCOME FROM $250,001 TO $500,000, FROM 4.63% TO 8.50% FOR INCOME FROM $500,001 TO $1,000,000, AND FROM 4.63% TO 9.85% FOR INCOME OVER $1,000,000; ANNUALLY ADJUSTING THE INCOME BRACKETS BY THE PERCENTAGE CHANGE IN COLORADO PERSONAL INCOME; ALLOWING THE STATE TO KEEP AND SPEND THE ADDITIONAL TAX REVENUE GENERATED BY THE TAX RATE CHANGES; REQUIRING AT LEAST 25% OF THE ADDITIONAL REVENUE TO BE USED FOR PRESCHOOL THROUGH TWELFTH GRADE PUBLIC EDUCATION AND THE REMAINDER TO BE USED TO ADDRESS THE IMPACTS OF A GROWING POPULATION AND A CHANGING ECONOMY;AND REQUIRING THE CREATION OF A CITIZEN’S OVERSIGHT COMMITTEE TO ASSURE THAT THEADDITIONAL REVENUE IS USED AS REQUIRED AND A TAX REVIEW COMMISSION TO REPORT ON THE INCOME TAX RATE STRUCTURE ON OR BEFORE 2031?

February 19, 2020 - Hearing

Single subject approved; staff draft amended; titles set. The Board determined that the proposed initiative only repeals language from the state constitution. The requirement for approval by fifty-five percent of the votes cast does not apply to this initiative. Hearing adjourned 2:55 PM.

* Unofficially captioned "Policy Changes Pertaining to State Income Taxes" by legislative staff for tracking purposes. This caption is not part of the titles set by the Board.