Results for Proposed Initiative #46

Ballot Title Setting Board
2021-2022

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

There shall be a reduction to the state sales and use tax rate by 0.34 percent, thereby reducing state revenue, which will reduce funding for state expenditures that include but are not limited to health and human services programs, K-12 education, and corrections and judicial operations by an estimated 14.6 million dollars in tax revenue in the first full fiscal year, or will reduce the amount of the taxpayer refund if a refund is required under TABOR, by a change to the Colorado Revised Statutes that reduces the state sales and use tax rate from 2.90 percent to 2.89 percent from January 1, 2023, through December 31, 2024.

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

Shall there be a reduction to the state sales and use tax rate by 0.34 percent, thereby reducing state revenue, which will reduce funding for state expenditures that include but are not limited to health and human services programs, K-12 education, and corrections and judicial operations by an estimated 14.6 million dollars in tax revenue in the first full fiscal year, or will reduce the amount of the taxpayer refund if a refund is required under TABOR, by a change to the Colorado Revised Statutes that reduces the state sales and use tax rate from 2.90 percent to 2.89 percent from January 1, 2023, through December 31, 2024?

Hearing October 6, 2021

Single subject approved; staff draft amended; titles set.
Board members: Theresa Conley, LeeAnn Morrill, Julie Pelegrin
Hearing adjourned 1:40 PM.

Rehearing October 20, 2021

Motion for Rehearing granted only to the extent that the Board made changes to the titles.
Board members: Theresa Conley, David Powell, Julie Pelegrin
Hearing Adjourned 10:40 AM.

* Unofficially captioned "Temporary Sales Tax Rate Reduction" by legislative staff for tracking purposes. This caption is not part of the titles set by the Board.