How Colorado's Income Tax Measures Could Affect Local Taxpayers
The Colorado Secretary of State's Office is reviewing petition signatures for two opposing citizen initiatives. Initiative 195 would replace Colorado's long-standing flat income tax system. Under the proposal, tax rates would decrease for an estimated 97% of earners while increasing for households earning more than $500,000. Initiative 232, backed by the conservative group Advance Colorado, would permanently cap the state's flat income tax rate at 4.4%. Under the current Taxpayer's Bill of