Colorado Taxpayer Refunds Fall Victim to Pandemic Economy (2)

Coloradans won’t get their expected constitutionally mandated tax refunds, after the economy faltered this spring. The new House stimulus bill is setting up a fight over SALT deduction cap. Indiana sports betting plummeted as events were canceled, and New York state’s April sales tax revenue plunged. Here’s the latest on shifting state tax guidelines, deadlines, and policy to deal with the coronavirus pandemic. For Monday’s coverage click here. Here’s a state-by-state roadmap.

The economic impact of the pandemic has blown a $3.3 billion hole in Colorado’s budget, wiping out refunds under the Taxpayer Bill of Rights (TABOR) for ...