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Saturday, April 25th 2026

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TABOR refunds: How new Colorado laws will impact your pocketbook

Lawmakers used TABOR surpluses to cut income tax rate, create new credit for low-income families

Colorado Gov. Jared Polis thanks the sponsors and advocates of a child tax credit bill passed during the recent legislative session at Denver KinderCare in Denver on Friday, May 31, 2024. Polis, joined by U.S. Sen. Michael Bennet and several state lawmakers, signed a tax credit for parents into law that will scale up with the number of children. Advocates said the new law would decrease child poverty. (Photo by Zachary Spindler-Krage/The Denver Post)
Colorado Gov. Jared Polis thanks the sponsors and advocates of a child tax credit bill passed during the recent legislative session at Denver KinderCare in Denver on Friday, May 31, 2024. Polis, joined by U.S. Sen. Michael Bennet and several state lawmakers, signed a tax credit for parents into law that will scale up with the number of children. Advocates said the new law would decrease child poverty. (Photo by Zachary Spindler-Krage/The Denver Post)
Nick Coltrain - Staff portraits in The Denver Post studio on October 5, 2022. (Photo by Eric Lutzens/The Denver Post)
By | ncoltrain@denverpost.com | The Denver Post
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One law, cutting the income tax rates, benefits wealthier Coloradans while a new tax credit helps low income families. Childless middle income families face a pinch, however.
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