Ballot Title Setting Board
2023-2024

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

State taxes shall be increased conditionally in order to increase or improve levels of public service provided through property taxes by an amendment to the Colorado constitution and a change to the Colorado Revised Statutes that create a new statewide conditional tax on certain residential real property, and, in connection therewith, removing the constitutional prohibition on any new statewide real property tax; creating a new conditional statewide tax upon single-family residential real property worth at least $5 million, adjusted for inflation, that will only be imposed when a statewide limit on property tax revenue causes a reduction in statewide property tax revenue; requiring that the new tax revenue be distributed to local communities to replace revenue otherwise lost by imposition of the statewide limit; and exempting the new tax revenue from the Taxpayer’s Bill of Rights (TABOR) revenue cap.

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

Shall state taxes shall be increased conditionally in order to increase or improve levels of public service provided through property taxes by an amendment to the Colorado constitution and a change to the Colorado Revised Statutes that create a new statewide conditional tax on certain residential real property, and, in connection therewith, removing the constitutional prohibition on any new statewide real property tax; creating a new conditional statewide tax upon single-family residential real property worth at least $5 million, adjusted for inflation, that will only be imposed when a statewide limit on property tax revenue causes a reduction in statewide property tax revenue; requiring that the new tax revenue be distributed to local communities to replace revenue otherwise lost by imposition of the statewide limit; and exempting the new tax revenue from the Taxpayer’s Bill of Rights (TABOR) revenue cap?

Hearing April 18, 2024

Single subject approved; staff draft amended; titles set.
The Board determined that the proposed initiative requires the addition of language to the Colorado Constitution. The requirement for approval by fifty-five percent of the votes cast applies to this initiative.
Board members: Theresa Conley, Christy Chase, Kurt Morrison
Hearing adjourned 5:38 PM.

Rehearing April 26, 2024

Motion for rehearing (Davia, Fields) granted in its entirety. The Board lacks jurisdiction to set title because the measure has multiple subjects.
Board members: Theresa Conley, Christy Chase, Kurt Morrison
Hearing adjourned: 1:02 PM.

* Unofficially captioned "Supplemental Luxury Residential Real Property Tax" by legislative staff for tracking purposes. This caption is not part of the titles set by the Board.