The Internal Revenue Service published new guidelines that would tax TABOR refunds. Under the new rules, TABOR refunds will be seen as taxable income beginning in the 2023 tax year.
The TABOR Amendment requires tax revenues in excess of the revenue cap be refunded to taxpayers. Those refunds have never been taxed by the IRS.
Governor Jared Polis called the IRS’ decision absurd. Polis said that he has talked with the White House and he is going to talk to the higher ups at the IRS. Polis told Denver 7 News, “I will always defend Coloradans and the federal government coming after $300 of $400 from Coloradans just because we have a strong budget and a surplus, that makes no sense.”
Danny “Dan R” Ridenour has been in radio and television broadcasting for over 40 years, starting as a senior in high school in Rogers, Arkansas. His radio career has had stops in Nashville, Memphis, Oklahoma, and eventually, Colorado. Dan enjoys being involved in the community, having been a member of the Upper Arkansas Service Club and is currently on the board of directors for the Salida Community Center and is a member of the Chaffee County Fair Committee. He and his wife Carrie spend their days doing everything the mountains have to offer: hiking, camping, fishing and skiing. They've raised 3 children and have 2 grandchildren.
Latest posts by Dan R (see all)
- Saturday, April 26th Weather Forecast - April 26, 2024
- Forest Health Council Reports Progress Toward Community Wildfire Resiliency-Greg Felt Talks Wildfire Mitigation with Dan R - April 26, 2024
- Carole Nancy Jackson - April 26, 2024
