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Legal staff seek clearer language, fix rate ambiguity in Colorado initiatives 47 and 48
Summary
On Feb. 7, 2025, staff from the Colorado Legislative Council and Office of Legislative Legal Services reviewed proposed ballot initiatives 47 and 48 and asked proponents to clarify effective-date wording and the exact new income tax rate in initiative 48; proponents agreed to amend language.
Legal staff from the Colorado Legislative Council and the Office of Legislative Legal Services reviewed proposed ballot initiatives 47 and 48 on Feb. 7, 2025, and told the measures' designated representatives they must clarify wording about effective tax years and fix an ambiguity in the stated rate for initiative 48.
The initiatives both would lower Colorado's state individual and corporate income tax rates beginning in the 2027 tax year: initiative 47 would reduce the rate from 4.4% to 4.39%, and initiative 48 was clarified in the meeting to reduce the rate to 3.4%. The staff asked proponents to…
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