Colorado Voters Approve Graduated Income Tax System
- Reports
- 7
- Developments
- 1
- Repetition
- 86%
New informationRepeats or wire copies
What happened
Amendment 87, which proposes replacing Colorado’s flat income tax with a graduated system, passed by a razor-thin margin with 50.5% of the vote. Proposition 136, which aimed to cap the state’s income tax at 4.4%, failed by a comfortable margin.
From postindependent.com
Why it matters
The passage of Amendment 87 changes the state's income tax structure, moving Colorado from one of 15 states with a flat tax rate to a graduated system. This shift affects the state's revenue generation and economic incentive structure.
Bills regarding tax changes for the state of Colorado were under consideration, involving legislative action and policy organizations.
From postindependent.com
Who's involved
- Colorado Organization for Latina Opportunity and Reproductive RightsSupported the progressive tax amendment.
- ColoradoThe state where the income tax system is being reformed.
- Jared PolisThe Governor who must manage the implementation of the new tax system.
- Colorado Office of Economic Development and International TradeThe government agency whose economic incentive structure is affected by tax reform.
- Colorado State UniversityA public land-grant research university in Colorado.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Colorado State UniversitySpeculative
Colorado State University might see increased state funding for education due to the tax amendment.
Colorado Office of Economic Development and International Trade might see changes in the economic incentive structure it manages.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Colorado State University may gain funding from new tax revenueColorado State University may benefit from increased state funding after tax amendment passesLikely
- Jared Polis must manage Colorado's new graduated income tax systemJared Polis must manage the administrative implementation of Colorado's new graduated income tax system.Likely
- Colorado Water Conservation Board funding may shift after tax reformState revenue changes may alter funding for Colorado Water Conservation BoardPossible
- New state tax system may shift economic conditions in Jeff Hurd's districtNew graduated tax system could shift economic conditions in Jeff Hurd's districtPossible
- Colorado tax reform may shift policy focus for Michael BennetProgressive tax reform in Colorado could shift policy priorities for Michael BennetPossible
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The entities involved
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Colorado
state of the United States of America
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Colorado Organization for Latina Opportunity and Reproductive Rights
nonprofit organization in Denver, United States
Nothing else this week.