This article is part of our look at potential refunds from the Taxpayer's Bill of Rights. Learn more about how TABOR works here.
Title: HB15-1181 Colorado Is Honoring Our Military Tax Exemption
Sponsors: Rep. Jennifer Ardnt (D-Fort Collins), Sen. Kerry Donovan (D-Vail)
Status: Introduced and assigned to the state House State, Veterans, & Military Affairs, Finance and Appropriations committees on Jan. 29. The House State, Veterans, & Military Affairs Committee referred an amended version of the bill to the Finance Committee on Feb. 25.
The Finance Committee referred an amended version of the bill to the Appropriations Committee on April 1. The Appropriations Committee referred an unamended version of the bill to the whole House on April 10. The House passed its third reading of the bill on April 15 and sent it to the Senate a day later. The Senate State, Veterans, and Military Affairs Committee referred the bill to the Appropriations Committee on April 20. The Senate Appropriations Committee referred the bill to the whole Senate on April 24. The Senate passed its third reading of the bill on April 29.
What the act does: Temporarily exempts members of the military serving in Colorado from paying state income taxes. The exemption lasts five years, starting with the 2016 income tax year.
How it affects your refund: Unknown. The most recent fiscal note suggests that this act could potentially increase state revenue minimally.
