Colorado taxpayers will see a tax rebate of $500 later this year.
Gov. Polis will utilize TABOR to give back to taxpayers.
Who is eligible?
Initially, Governor Jared Polis announced that Colorado taxpayers would get a $400 rebate using TABOR funds. Now, based off conversations with the Department of Revenue, they have announced that the rebate will be at least $500 for single filers. That means that joint filers will see $1,000. Find additional details here.
If you file your 2021 taxes before June 30, 2022, you should receive a refund. The goal is to have the tax rebates to residents by early September.
If you are interested in learning more about TABOR and the funding you can click here.
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