12 Dec

Colorado ~ Sales and Use, Property Taxes: Budget Amendments Include Reduction in Senior Homestead Exemption, Increase in Marijuana Sales Tax

first_imgCCH Tax Day ReportIn budget amendments submitted to the state Legislature, Colorado Gov. John Hickenlooper proposed a reduction in the senior homestead property tax exemption by half in FY 2017-18, and an increase the special sales tax on adult-use recreational marijuana to 12% in FY 2017-18. Both changes require legislative approval but have prior voter approval, and the revenue can be retained by the state.News Release, Colorado Gov. John Hickenlooper, January 17, 2017last_img

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