Ballot Title Setting Board
2003-2004

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

An amendment to the Colorado constitution concerning cuts in government taxes and charges, and, in connection therewith, establishing a $25 cut that increases $25 yearly to lower each 2005 and later state and local tax or charge in each bill for each: (1) utility and television account customer?paid tax, grant, franchise charge, and other public charge except a 911 telephone fee, (2) vehicle sales, use, lease, and ownership tax, and real estate transfer tax, on each $20,000 of taxable value, and fraction thereof, (3) yearly income tax on each $20,000 of state taxable income, and fraction thereof, up to $100,000, (4) occupation, property drainage, and local vehicle registration tax and charge, and (5) yearly property tax; allowing voters to lower or cancel, and governments to reduce or delay, the cuts in certain circumstances; allowing governments to let taxpayers refuse the cut on each bill; requiring governments to refund twice the amount illegally withheld if certain conditions are violated; and requiring compliance audits and strict enforcement by the state.

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

Shall there be an amendment to the Colorado constitution concerning cuts in government taxes and charges, and, in connection therewith, establishing a $25 cut that increases $25 yearly to lower each 2005 and later state and local tax or charge in each bill for each: (1) utility and television account customer?paid tax, grant, franchise charge, and other public charge except a 911 telephone fee, (2) vehicle sales, use, lease, and ownership tax, and real estate transfer tax, on each $20,000 of taxable value, and fraction thereof, (3) yearly income tax on each $20,000 of state taxable income, and fraction thereof, up to $100,000, (4) occupation, property drainage, and local vehicle registration tax and charge, and (5) yearly property tax; allowing voters to lower or cancel, and governments to reduce or delay, the cuts in certain circumstances; allowing governments to let taxpayers refuse the cut on each bill; requiring governments to refund twice the amount illegally withheld if certain conditions are violated; and requiring compliance audits and strict enforcement by the state?

Hearing April 7, 2004

Single subject approved; titles set.
Hearing adjourned 4:41 p.m.

* Unofficially captioned “Tax Cuts – Amend TABOR” by legislative staff for tracking purposes. Such caption is not part of the titles set by the Board.