Colorado legislators tackle series of tax-reform issues
Tax issues critical to commerce should loom large for state lawmakers this session.
Among the bills to be presented to the Legislature is one sponsored by House majority leader Norma Anderson, R-Lakewood, who is expected to propose that tax surplus be "de-Bruced."
Anderson˜s bill would address Amendment 1 (or TABOR) requiring that tax surpluses generated by growth and revenue be given back to the voters. For the first time since the amendment passed in 1992, state revenue exceeded permitted growth limits. Over the next five years, excess revenue of more than $1 billion is predicted.
Anderson˜s bill…
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