A Denver Decides Ballot Issue Forum in anticipation of the general election coming up on Tuesday, November 3rd. Proposition 116 proposes amending the Colorado statutes to reduce the state income tax rate from 4.63% to 4.55% for tax year 2020 and future years. In this forum, Jon Caldara, President of The Independence Institute speaks in favor of Proposition 116, and Scott Wassermann, President of the Bell Policy Center, speaks against Proposition 116.
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Shall there be a change to the Colorado Revised Statutes reducing the state income tax rate from 4.63% to 4.55%?
¿Debe haber un cambio en los Estatutos Revisados de Colorado que reduzca la tasa del impuesto estatal sobre la renta de 4.63% a 4.55%?
A “yes” vote on Proposition 116 reduces the state income tax rate to 4.55 percent for tax year 2020 and future years.
A “no” vote on Proposition 116 keeps the state income tax rate unchanged at 4.63 percent.