Tax Fairness Act
Because of COVID-19, our state budget was erased and replaced with a substantial shortfall in a matter of weeks. With a desperate need for revenue, legislators negotiated a moderate reduction in tax exemptions through HB20-1420 which will generate some funding for low-income families and K-12 education. This bill will also allow Coloradans who file taxes with an Individual Taxpayer Identification Number (ITIN), including many immigrants without documentation, eligible for an Earned Income Tax Credit (EITC) As a follow-up to this bill, Fair Tax Colorado aims to get an initiative on the November ballot that would cut taxes for 95% of Coloradans and provide a much-needed source of cash for the state budget. Signatures to get the initiative on the ballot are due July 25.
Print and mail in your signature to help get this initiative on the ballot