The TABOR refund bill was introduced on the last possible day of the legislative session
Critics, however, point to the proposal’s lack of focus on renters and that it taps into surpluses otherwise due to Coloradans under the Taxpayer’s Bill of Rights to shore up local services.
DeGruy Kennedy said he wasn’t surprised by the criticism about a lack of rental aid and that flattening the rebates was one way to provide relief to lower-income earners unaffected by — but still helping to fund — the property tax relief. He said the property tax bill also will be amended to include up to $20 million to support rental aid, which has dwindled as federal pandemic-era protections wind down. Other legislators had considered amending the measure to make rent payments a tax-deductible expense, as Minnesota and Massachusetts do.
“The property tax bill as introduced was totally a giveaway from renters to homeowners because it’s paid for out of the TABOR surplus, which is owed to all taxpayers,” said Rep. Javier Mabrey, a Denver Democrat. “But if you’re a renter, which 40% of the state is, you’re not going to get anything from the property tax bill.”DeGruy Kennedy said he had planned to introduce a bill this year that would flatten the TABOR rebates permanently.
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