The IRS announced this afternoon that it would not require Coloradans to pay federal income tax on expedited tax refunds that they received last year.
On Friday, the entire Colorado legislative delegation led by Congressmen Joe Neguse and Ken Buck signed a letter calling on the Internal Revenue Service to treat TABOR payments as nontaxable income.
TABOR, or Taxpayer Bill of Rights is an amendment approved by voters in 1992 that returns surplus revenue back to Colorado taxpayers. Buck's office also shared the letter to IRS acting commissioner Douglas O'Donnell which referred to how the agency has previously handled TABOR payments.
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