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EEE6FC9B82ED64A28725873B005D5EDF Hearing Summary




PUBLIC
BILL SUMMARY For TABOR CONSIDERATIONS

INTERIM COMMITTEE  LEGISLATIVE OVERSIGHT COMMITTEE CONCERNING TAX POLICY & TASK FORCE
Date Aug 24, 2021      
Location HCR 0112



TABOR Considerations - Committee Discussion Only
10:59:53 AM  
The committee took a brief recess.
11:10:01 AM  
The committee reconvened.
11:10:18 AM  
Ed DeCecco, representing
the Office of Legislative Legal Services, presented to the committee on
various aspects of the Taxpayer's Bill of Rights (TABOR) for the committee
to consider in its work.



A copy of the presentation slides can be found here: https://leg.colorado.gov/sites/default/files/images/committees/2017/olls_tabor_presentation.pdf



Mr. DeCecco's presentation covered the following topics:

- circumstances that require prior voter approval under TABOR, including
new taxes, tax rate increases, increases in the assessment rate on classes
of property, and tax policy changes that directly cause a net tax revenue
gain to any district;

- several court case decisions that may impact the committee's work;

- circumstances that do not require prior voter approval under TABOR;

- the election provisions that exist under TABOR;

- the TABOR fiscal year spending limit; and

- other considerations under TABOR.



Throughout Mr. DeCecco's presentation, he responded to questions from the
committee regarding impacts on TABOR refund requirements, TABOR's refund
mechanisms, and the Referendum C cap,



Mr. Sobetski returned to the table and responded to questions from the
committee regarding the impact of the recent Census on the population adjustments
to the TABOR limit.






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