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$2 Billion Surplus Headed Back to Colorado Taxpayers

May 11, 2022, 4:07 PM

Colorado taxpayers will cash checks for at least $400 later this year under a bill approved by the Legislature Tuesday that rebates a bumper crop of taxes collected by the state.

Both the House and the Senate passed S.B. 22-233, which guarantees tax rebate payments of at least $400 per taxpayer, and $800 for joint filers, on an expedited basis. Lawmakers added an amendment late Tuesday allowing for larger rebate checks if final revenue totals from Fiscal Year 2022 rise beyond initial expectations. The House passed S.B. 22-233 by a vote of 50-15, and the Senate unanimously concurred ...