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Colorado Residents Looking At Pot Tax Rebate

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Colorado’s economy is improving, but much of the new money is due to tax collections exceeding the state’s revenue cap, triggering rebates under TABOR for the first time in 15 years.

COLORADO:  Last Monday, Colorado Gov. John Hickenlooper unveiled the state’s $26.8 billion proposed budget for next fiscal year. The budget includes $167.2 million in tax rebates for Colorado taxpayers, including $30.5 million in rebates due to total state recreational pot revenue that was higher than predicted. The rebates are mandated by the Colorado Taxpayer’s Bill of Rights Read the full article…