TABOR
Attention
Please remember that you must claim the state sales tax refund (TABOR refund) when filing your state income tax return or Property Tax/ Rent/ Heat Rebate (PTC) Application. If you claimed a 2024 refund, the TABOR refund will be combined and issued with your tax refund. Unlike the 2022 Colorado cashback, no separate check will be issued.
Adjusted Gross Income | Credit for Single Filers | Credit for Joint Filers |
|---|---|---|
| $52,000 or less | $19 | $38 |
| $52,001 - $105,000 | $25 | $50 |
| $105,001 - $168,000 | $29 | $58 |
| $168,001- $233,000 | $35 | $70 |
| $233,001- $299,000 | $37 | $74 |
| $299,001 or more | $59 | $118 |
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.
2024 TABOR Refund (refunded in 2025)
The Department of Revenue (DOR) is administering the following allowable 2024 TABOR refund mechanisms:
- Tax Rate Reduction — All taxpayers who file a 2024 income tax return will automatically receive the temporary income tax rate reduction from 4.40% to 4.25%.
- Sales Tax Refund — Eligible 2024 full-year residents may claim this refund if they file a 2024 Colorado Individual Income Tax Return or a 2024 Property Tax/Rent/Heat (PTC) Rebate Application by October 15, 2025. See the table below for the six refund levels.
| Adjusted gross income ranges | Single filer | Joint filer |
|---|---|---|
| Incomes up to $53,000 | $177 | $354 |
| $53,001 to $105,000 | $240 | $480 |
| $105,001 to $166,000 | $277 | $554 |
| $166,001 to $233,000 | $323 | $646 |
| $233,001 to $302,000 | $350 | $700 |
| $302,001 and up | $565 | $1,130 |
All Recent TABOR Refunds
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 |
|---|---|---|---|---|
| 2024 | Yes | Not Applicable | Yes | Yes |
| 2023 | Yes | Not Applicable | Not Applicable | Yes |
| 2022 | Yes | Yes | Not Applicable | Yes |
| 2021 | Yes | Not Applicable | Yes | Yes |
| 2019 | Yes | Not Applicable | Yes | No |
| 2018 | Yes | Not Applicable | No | No |