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HB22-1129

General Fund Surplus Rebates To Taxpayers

Concerning a rebate to taxpayers of the general fund surplus.
Session:
2022 Regular Session
Subject:
Fiscal Policy & Taxes
Bill Summary

The bill requires the executive director to rebate $1,846,400,000 from the general fund to qualified individuals through income tax returns for the 2022 income tax year, which rebate amount is an estimate of the general fund surplus for the state fiscal year 2021-22. The rebates will be made to qualified individuals in the same manner as if the general fund surplus was excess state revenues under the Taxpayer's Bill of Rights being refunded through the 6-tiered sales tax refund mechanism.
(Note: This summary applies to this bill as introduced.)

Status

Introduced
Lost

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Bill Text

Email addresses for the Colorado legislature are changing from the @state.co.us domain to the @coleg.gov domain on December 1, 2022. Details