Bill Would Alter Way Revenue Limit Is Calculated In Colorado

DENVER (AP) – A proposal by two Republican lawmakers to potentially increase how much revenue the state can keep without issuing tax refunds has passed a Colorado House committee.
The Democrat-led House Finance Committee voted 10-3 Monday to refer the bill by Republican Rep. Dan Thurlow and GOP Sen. Larry Crowder to the House Appropriations Committee.
Their bill would ask voters in November to change the way annual state revenue limits are calculated under the Taxpayer’s Bill of