History of TABOR
The Taxpayer's Bill of Rights (TABOR) Amendment was approved by voters in 1992. This amendment to the Constitution of the State of Colorado generally limits the amount of revenue governments in the state can retain and spend. Absent voter approval, it requires excess revenue to be refunded to taxpayers. TABOR also requires voter approval for certain tax increases. The state TABOR revenue limit is generally equal to the prior fiscal year's limit plus the rate of inflation and population growth in Colorado, subject to a voter-approved floor. For more information about TABOR, visit the Legislative Council TABOR web page.
All Recent TABOR Refunds
The table below shows how TABOR surpluses were refunded in recent tax years.
TABOR Surplus Year
(State Fiscal Year Ending June 30)
|
Property Tax Reimbursement | Colorado Cash Back (Senate Bill 22-233) |
Income Tax Rate Reduction | Sales Tax Refund |
---|---|---|---|---|
2022 | Yes | Yes | n/a | Yes |
2021 | Yes | n/a | Yes | Yes |
2019 | Yes | n/a | Yes | No |
2018 | Yes | n/a | No | No |