Senate approves bill changing TABOR refund accounting after debate over legal risks
After hours of debate over legal exposure and accounting rules, the Senate passed House Bill 14-19, which directs adjustments to prior TABOR refund calculations following federal tax changes. Opponents warned of court challenges and erosion of certified audits; sponsors said the change corrects revenue realities after HR1.
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The Colorado Senate on May 8 passed House Bill 14-19, a measure directing the state to adjust certain prior-year TABOR refund calculations after federal tax changes. Sponsors argued the federal HR1 law reduced state revenue and that the bill aligns refunds with money actually collected; opponents said the change risks legal challenges and endangers long‑standing accounting practice.
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