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1375 Sherman Street, Denver, Colorado. Annual budget. $926,000,000 [1] Department executive. Heidi Humphreys, Executive Director (interim) [2] Website. cdor .colorado .gov. The Colorado Department of Revenue (DOR) is a state agency in Colorado.
Tax is collected by the Colorado Department of Revenue. The Colorado income tax rate is a flat 4.55 percent of federal taxable income regardless of income level. Colorado's state sales tax is 2.9 percent on retail sales. [19] Full-year Colorado residents can claim an excess sales tax refund on their individual state income tax return.
In November 2005, Colorado residents voted to suspend for five years the state's self-imposed revenue caps as outlined in the state's Taxpayer Bill of Rights.The effects of TABOR on government spending and economic growth have been a popular discussion topic in recent years.
Metropolitan statistical areas. Urban areas. ZIP Code Tabulation Areas. Ethnic groups. United States portal. v. t. e. Colorado is the fifth-richest state in the United States of America, with a per capita income of $24,049 (2000) and a personal per capita income of $34,283 (2003).
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The twin revenue-raising successes of Wisconsin's 1911 (the Wisconsin Income Tax, the first "modern" State Income Tax was passed in 1911 and came into effect in 1912) and the United States' 1914 income taxes prompted imitation. [61]
Colorado Amendment 50 was a citizen's initiative that amended the Colorado state constitution to: allow residents of Central City, Black Hawk, and Cripple Creek to vote to extend casino hours, approve additional games, and increase the maximum bet limit; give most of the gaming tax revenue that results from new gaming limits to Colorado ...
The Government of Colorado is organized into three branches: the executive branch of the Governor, the legislative branch of the General Assembly, and the judicial branch of the Supreme Court and lower courts. This government was created by the Constitution of the State of Colorado, and allows for direct participation of the electorate by ...