Categorized | Featured Stories, Judicial

Commentary: A Wonderfully Concise Ruling on TABOR

Mark Hillman writes in The Denver Post: The anti-taxpayer majority on the Colorado Supreme Court soon will have another chance to stand the constitution on its head, thanks to a remarkably unambiguous ruling by the Colorado Court of Appeals. In an opinion written by Judge Sean Connelly, a three-judge panel ruled that the Colorado Department of Revenue cannot increase the severance tax rate applied to coal mining without a public vote. Adopted in 1977, the severance tax is paid by companies that extract minerals, oil or gas from the ground and is calculated by multiplying the quantity extracted by a statutory rate that accounted for changes in the Producer Price Index. Originally, the tax rate for coal was set at 36 cents per ton and had increased to 54 cents by 1992. READ MORE HERE.

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