Colorado
2024 State Tax Ballot Questions: Voters to Weigh in on Tax Changes Big and Small
• By Jon Whiten
As we approach November’s election, voters in several states will be weighing in on tax policy changes. The outcomes will impact the equity of state and local tax systems and the adequacy of the revenue those systems are able to raise to fund public services.
State Rundown 10/10: More Special Sessions, More Proposed Tax Cuts
• By ITEP Staff
This week several states are getting an early start at writing new tax policy in special sessions. In West Virginia, the legislature has come to an agreement with Gov. Justice on an additional tax cut—on top of already-planned cuts. The 2 percent cut will cost the state $49 million a year and come from spending […]
State Rundown 9/18: Special Tax Session Results? “Reply Hazy, Try Again”
• By ITEP Staff
As the dust settles...
Extending Temporary Provisions of the 2017 Trump Tax Law: Updated National and State-by-State Estimates
• By Steve Wamhoff
The TCJA Permanency Act would make permanent the provisions of the Tax Cuts and Jobs Act of 2017 that are set to expire at the end of 2025. The legislation would disproportionately benefit the richest Americans. Below are graphics for each state that show the effects of making TCJA permanent across income groups. See ITEP’s […]
State Earned Income Tax Credits Support Families and Workers in 2024
• By Neva Butkus
Nearly two-thirds of states (31 plus the District of Columbia and Puerto Rico) have an Earned Income Tax Credit. These credits boost low-paid workers’ incomes and offset some of the taxes they pay, helping lower-income families achieve greater economic security.
State Child Tax Credits Boosted Financial Security for Families and Children in 2024
• By Neva Butkus
Fifteen states plus the District of Columbia provide Child Tax Credits to reduce poverty, boost economic security, and invest in children. This year alone, lawmakers in three states – Colorado, New York, and Utah – expanded their Child Tax Credits while lawmakers in the District of Columbia created a new credit that will take effect in 2025.
State Rundown 9/5: Property Tax Policy Continues to Make Headlines
• By ITEP Staff
Property tax bills are undeniably a concern for many low- and moderate-income households across the nation...
State Rundown 8/8: States Laying the Groundwork for Future Tax Battles
• By ITEP Staff
Whether they’re in a special session, gearing up for one, or prepping for 2025, states around the country are focusing on important tax fights...
Tax Payments by Undocumented Immigrants
• By ITEP Staff
Undocumented immigrants paid $96.7 billion in federal, state, and local taxes in 2022. Providing access to work authorization for undocumented immigrants would increase their tax contributions both because their wages would rise and because their rates of tax compliance would increase.
Which States Improved Child Tax Credits and EITCs in 2024?
• By Neva Butkus
Four states expanded or boosted refundable tax credits for children and families, and the District of Columbia is poised to create a new Child Tax Credit. These actions — in Colorado, Illinois, New York, Utah, and D.C. — continue the recent trend of improving the well-being of children and families with refundable tax credits.
State Rundown 7/25: Summertime Hits Different in Different States
• By ITEP Staff
State lawmakers will have a lot to discuss when they compare notes on how they spent their summer vacations this year...
Five Tax Takeaways from 2024 State Legislative Sessions
• By Aidan Davis
Major tax cuts were largely rejected this year, but states continue to chip away at income taxes. And while property tax cuts were a hot topic across the country, many states failed to deliver effective solutions to affordability issues.
Improving Refundable Tax Credits by Making Them Immigrant-Inclusive
• By Emma Sifre, Marco Guzman
Undocumented immigrants who work and pay taxes but don't have a valid Social Security number for either themselves or their children are excluded from federal EITC and CTC benefits. Fortunately, several states have stepped in to ensure undocumented immigrants are not left behind by the gaps in the federal EITC and CTC. State lawmakers should continue to ensure that immigrants who are otherwise eligible for these tax credits receive them.
State Rundown 7/11: Mansion Taxes in the Spotlight
• By ITEP Staff
While Massachusetts legislators recently dropped a real estate transfer tax from their major housing bill, the District of Columbia council sent a budget to the mayor that includes a mansion tax that would increase the tax rate on properties valued over $2.5 million. Meanwhile, lawmakers in New Jersey and South Carolina continue to, respectively, raise and reduce needed revenues.
States Should Enact, Expand Mansion Taxes to Advance Fairness and Shared Prosperity
• By Carl Davis, Erika Frankel
The report was produced in partnership with the Center on Budget and Policy Priorities and co-authored by CBPP’s Deputy Director of State Policy Research Samantha Waxman.[1] Click here to use our State Mansion Tax Estimator A historically large share of the nation’s wealth is concentrated in the hands of a few, a reality glaring in […]
Colorado General Assembly: HB24-1311 Family Affordability Tax Credit
• By ITEP Staff
Gov. Polis of Colorado signed the bill expanding its Child Tax Credit, which cites ITEP’s research on the second page of the bill text. Read the bill and its status.
State Rundown 5/22: When One Legislative Session Closes, Another Opens
• By ITEP Staff
State legislatures are wrapping up, but don’t stray too far from your state capital or you’ll miss out on the action...
State Rundown 5/15: The Merry Merry Month of May(be)
• By ITEP Staff
Uncertainty abounds in state tax debates lately...
State Rundown 5/9: Special Sessions in the Air
• By ITEP Staff
This week, special sessions with major tax implications are in the air...
State Rundown 5/2: Vetoes and New Major Tax Proposals
• By ITEP Staff
This week, many states took steps toward enacting tax cuts...
State Rundown 4/24: It’s Crunch Time
• By ITEP Staff
Many state legislative sessions are wrapping up...
Fairness Matters: A Chart Book on Who Pays State and Local Taxes
• By ITEP Staff
State and local tax codes can do a lot to reduce inequality. But they add to the nation’s growing income inequality problem when they capture a greater share of income from low- or moderate-income taxpayers. These regressive tax codes also result in higher tax rates on communities of color, further worsening racial income and wealth divides.
Eliminating Income Taxes Would Be an Expensive Giveaway
• By Aidan Davis
Governors and legislative leaders in a dozen states have made calls to fully eliminate their taxes on personal or corporate income, after many states already deeply slashed them over the past few years. The public deserves to know the true impact of these plans, which would inevitably result in an outsized windfall to states’ richest taxpayers, more power in the hands of wealthy households and corporations, extreme cuts to basic public services, and more deeply inequitable state…
ITEP’s Kamolika Das Testifies on Pennsylvania’s Upside-Down Tax Code
• By Kamolika Das
Below is written testimony delivered by ITEP Local Policy Director Kamolika Das before the Pennsylvania House Finance Subcommittee on Tax Modernization & Reform on March 1, 2024. Good afternoon and thank you for this opportunity to testify. My name is Kamolika Das, I live in South Philly, and I’m the Local Tax Policy Director at […]
Colorado Department of Revenue: Property Tax Circuit Breaker Programs
• By ITEP Staff
Because property taxes are based upon property values, they are not as strongly connected to an ability to pay as the income tax. This can be particularly burdensome when income changes as a result of job loss, divorce, illness, or retirement. As a result, property taxes tend to be regressive.
