![]() ![]() The word count for the ballot title is 18. The FKGL for the ballot title is grade level 9, and the FRE is 62. The state board wrote the ballot language for this measure. The Flesch-Kincaid formulas account for the number of words, syllables, and sentences in a text they do not account for the difficulty of the ideas in the text. Readability scores are designed to indicate the reading difficulty of text. Using the Flesch-Kincaid Grade Level (FKGL) and Flesch Reading Ease (FRE) formulas, Ballotpedia scored the readability of the ballot title for this measure. Readability score See also: Ballot measure readability scores, 2022 The full text of the ballot initiative is below: Shall there be a change to the Colorado Revised Statutes reducing the state income tax rate from 4.55% to 4.40%? The ballot title for the initiative was as follows: “ According to the Colorado Legislative Council Staff, the rates were lowered to reduce the TABOR surplus. The rate was 4.63% since 2000 until it was lowered to 4.55% in 2020 through voter approval of Proposition 116. The Colorado individual income tax rate has been a flat tax rate since 1987. Prior to 1987, the individual income tax rates in Colorado were graduated, meaning those with higher incomes paid higher tax rates and those with lower incomes paid lower rates. It was approved by a vote of 57.86% to 42.14%. The measure also reduced the tax rate for domestic and foreign C corporations operating in Colorado from 4.63% of Colorado net income to 4.55%. The initiative decreased the state income tax rate for individuals, estates, and trusts from 4.63% of federal taxable income to 4.55% for tax years commencing on and after Jan. In 2020, Colorado voters approved Proposition 116, also filed by Jon Caldara of the Independence Institute and State Sen. What is the history of the state income tax rate in Colorado? See also: Colorado Proposition 116, Decrease Income Tax Rate from 4.63% to 4.55% Initiative (2020) and Colorado individual income tax rate history The committee reported $95,841.86 in cash and in-kind contributions and $2,207.50 in cash expenditures. Ĭoloradans Coming Together registered to oppose Proposition 121 and support Proposition GG. ![]() The committee reported $295,001 in contributions. Keeping Colorado Great registered as a committee to oppose the initiative. The committee reported $10,430.70 in in-kind contributions from Independence Institute. It is impossible to distinguish between funds spent on each individual measure. Path 2 Zero registered to support Propositions 121, 124, 125, 126, and Amendment E and registered to oppose Propositions 123, GG, FF, and Amendment F. The committee reported expenditures totaling $545,130. The committee raised $546,500 ($250,000 each from Colorado Rising Action and Defend Colorado, $45,000 from Coloradans for Civil Liberties, and $1,500 from Independence Institute). The Independence Institute describes itself as a free-market think tank with a mission to "empower individuals and to educate citizens, legislators and opinion makers about public policies that enhance personal and economic freedom." Ĭolorado Character registered as a committee to support the initiative. Jon Caldara of the Independence Institute and Republican State Senator Jerry Sonnenberg filed the initiative. Who supported and opposed Proposition 121? See also: Campaign finance, Support, and Opposition Proposition 121 was also designed to reduce the tax rate for domestic and foreign C corporations operating in Colorado from 4.55% of Colorado net income to 4.40%. Proposition 121 decreased the state income tax rate from 4.55% to 4.40% for tax years commencing on or after January 1, 2022. Overview What did Proposition 121 do? See also: Ballot language and full text ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |