New York Times story quotes CFI on forced refunds of pot taxes
April 1, 2015
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The New York Times today quoted CFI in a story about the peculiar twist in TABOR that is forcing refunds of marijuana taxes, despite the fact that those taxes actually came in lower than predicted.
“The problem is a strict anti-spending provision in the state Constitution that touches every corner of public life, like school funding, state health care, local libraries and road repairs. Technical tripwires in that voter-approved provision, known as the Taxpayer’s Bill of Rights, may require Colorado to refund nearly $60 million in marijuana taxes because the state’s overall revenue estimates ended up being too low when the marijuana tax question was put to voters.”
Read the story here.
