Table of Contents

Background

The Colorado individual income tax return form allows taxpayers to contribute to various listed organizations by donating a portion of their income tax refund or increasing the amount¹ owed on their tax return.  Legislation is required to create a new income tax check-off.

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

The TABOR Amendment, which was approved by voters in 1992, limits the amount of revenue the State of Colorado can retain and spend.¹ Specifically, TABOR allows the state to retain and spend an amount based on the prior fiscal year's actual revenue or limit, whichever was lower, grown by Colorado inflation and population growth and adjusted for any "voter-approved revenue changes."