By the end of January, Colorado taxpayers will get a direct payment of up to $1,500 due to Colorado’s Taxpayer’s Bill of Rights.
Every state resident who filed their taxes by June 30 will get a Colorado Cash Back or Taxpayer’s Bill of Rights (TABOR) refund check in the amount of $750 for single filers and $1,500 for joint filers according to an article published by Schilke (2022).
In line with the posted on the website of Colorado’s Legislative Government (2022), Coloradans is not allowed to spend more tax dollars than it takes in.
According to the Colorado Tax Government (2022) website, Senate Bill 22-233 also known as ‘TABOR Refund Mechanism for FY 2021-22 Only’ that was passed by Governor Jared Polis in the summer so that taxpayers may get their checks that same season. However, a lot of residents, especially those who filed by the Oct. 17 extension, still haven’t gotten their payments.
Dave Young, the treasurer of the state, declares on his interview with Fox 21 News via Eberhardt (2022), they believe they were printing roughly 250,000 a day. According to him, they have been reminding people that if they haven’t received their checks by the end of September, they should visit the Colorado Cash Back program website, find the number, and give them a call. However, given the volume of checks being issued, folks will need to exercise patience.
Checks for taxpayers who requested an extension to file by October 17 are expected to arrive by January 31, 2023.