If you’re a Colorado taxpayer, there’s a chance you will receive at least a $500 tax rebate later this year.
"On April 25, Gov. Jared Polis announced a proposal utilizing TABOR benefitting “every hardworking Colorado Taxpayer.” Originally, it was estimated every taxpayer who filed in time would receive a $400 rebate. 11 News confirmed with the Colorado House Democratic Communications Director, Jarrett Freedman, that the rebate checks could increase.
“We are certain based on conversations with DOR [Department of Revenue] and OSPB [Office of State Planning and Budgeting] that the rebate checks will increase, and we believe we’ll have a solid number to report by the date the bill is signed,” Freedman explained. “The administration estimates it will be at least $500 for single filers and $1000 for joint filers.”
An amendment was added on third reading to allow the early refunds to climb even higher if revenues come back higher than expected, as early estimates indicate is likely."
Read the full article HERE.