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News · Around town · La Plata County · Durango · Colorado

Proposition 136 would cap income tax rates at 4.4%

Proposition No. 136 concerns a proposed 4.4% ceiling on individual and corporate income tax rates.

Proposition 136 would cap income tax rates at 4.4%

Key takeaways

  • Proposition No. 136 concerns a 4.4% income tax-rate cap.
  • The cap would apply to individual and corporate income tax rates.
  • The title does not state how the cap would work or when it would take effect.

What the proposition concerns

Proposition No. 136 concerns establishing a 4.4% cap on individual and corporate income tax rates. The measure addresses both types of taxpayers: individuals and corporations.

What the title establishes

The proposition’s stated subject is a maximum tax rate of 4.4%. It does not identify a separate cap for individuals and corporations; the title describes the same 4.4% limit for both.

What remains to be decided

The proposition’s title does not state whether the measure changes current rates, how the cap would be enforced, or when it would take effect. It also does not identify the election date or provide a fiscal estimate.

The ballot question

Voters considering Proposition No. 136 would be deciding whether to establish a 4.4% cap on individual and corporate income tax rates. The measure is identified by number and subject, but the title alone does not describe its broader effects.

What to watch

  • The final ballot language and any fiscal explanation.
  • Whether election officials publish implementation details or an effective date.

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