Taxes

The state legislature's Democratic majority pushed through a tax relief package for next year. The package includes tax rate adjustments, flat TABOR refunds, rental assistance, food benefits and an expanded income tax credit—all as tensions over the conflict in Gaza spilled onto the House floor.

Lawmakers convened at the State Capitol Friday for the first day of a special legislative session focused on providing property tax relief next year. Bipartisan collaboration seems unlikely as Democrat and Republican proposals remain at odds and several GOP bills have already been killed.

The legislative session, which Colorado Gov. Jared Polis announced Thursday, follows a resounding defeat for a ballot measure in Tuesday's election that attempted to address the problem over the next decade.

Two ballot questions will be posed to Coloradans in November. Residents will vote on whether to approve a Gov. Polis-backed property tax relief plan as well as changes to tobacco and nicotine taxation.

A new state campaign is trying to get more electric vehicles on the road. 'EV CO' launched last month - it's built around a new website that can help residents connect with resources and answer questions about electric vehicles.

In Wyoming, average property taxes rose more than 16% in just the past year. A legislative committee moved forward several options last week to try and put money back into people’s pockets.

A new analysis of state tax revenues shows that many states are ahead of projections made before COVID-19 rocked the economy. And some Mountain West states are the nation’s leading performers, while others are struggling to rebound.

IRS records reveal how Gov. Jared Polis, Gov. Jim Justice, former Education Secretary Betsy DeVos and other wealthy political figures slashed their taxes using strategies unavailable to most of their constituents.

The pandemic has caused huge revenue shortfalls in state budgets across the Mountain West and the country, renewing heated debates over taxes. That's true in Wyoming, too, though one tax issue before lawmakers is "still something that, you know, gets whispered about."

Of the 11 ballot questions Colorado voters will decide in November, Amendment B is by far the most complicated. It seeks to repeal a 38-year-old state law affecting how much residents must pay in property taxes.