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 two million dollars, 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 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 two million dollars, 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 revenue cap?

Hearing December 6, 2023

Single subject approved; staff draft amended; titles set.
The Board made a technical correction to the text of the initiative.
The Board determined that the proposed initiative requires the addition of language to the Colorado Constitution; a 55% vote is required to pass.
Board members: Theresa Conley, Christy Chase, Kurt Morrison
Hearing adjourned 12:59 PM.

Rehearing December 20, 2023

Motion for rehearing was granted only to the extent the Board made changes to the title (3-0).
Board members: Theresa Conley, Christy Chase, Kurt Morrison
Hearing adjourned 10:35 AM.

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