136INCOME TAX LIMIT
should we cap state income-tax rates at 4.4% (the current rate)?
This measure would begin in tax year 2027 and would apply to both individuals and corporations. Raising the rate later would still need voter approval. Importantly, it will prevent endless efforts by the legislature to continually raise your taxes. Maintaining a simple, flat tax system keeps Colorado economically competitive. CO currently has the fourth-highest cost of living in the United States. Eight states replaced their graduated income taxes with flat rates between 2021 and 2025. Why would Colorado move in the opposite direction?
- YES = cap the state income tax rate
- NO = do not cap the state income tax rate