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TABOR Refund Mechanisms

It became law on May 14, 2024.

CO SB 24-228 · Senate Bill · 2024A

Stage
Became law
Started in
Senate
Sponsors
4
Latest action
May 14, 2024

What it does

If the state exceeds its constitutional fiscal year spending limit, it is required by the Taxpayer's Bill of Rights (TABOR) to refund the excess state revenues (TABOR refunds). The act concerns the 4 TABOR refund mechanisms: a reimbursement to counties for lost property tax revenue, an income tax rate reduction, a sales and use tax rate reduction, and a sales tax refund.

Read the full text

Where it stands

This bill passed and is now law.

  1. Introduced (Done)

  2. Committee (Done)

  3. Floor (Done)

  4. Law (Done)

    May 14, 2024

What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

In the news

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Where it goes next

Once a bill is decided, the questions are about what is done with it in Colorado.

Work with this bill

TABOR Refund Mechanisms | 52