Governor Polis Releases Statement on Absurd Potential IRS Decision

Statement

"This absurd potential action from the IRS would cost Coloradans money and confuse people, and I call on the Biden administration to reverse course. The IRS is proposing going back on thirty years of not treating TABOR refunds as taxable income. Our administration strongly disagrees with the IRS guidance as it fails to factor in that TABOR refunds are returning sales tax dollars in addition to income tax dollars and fees that our citizens have already paid and therefore are an entirely legitimate tax refund and should not be subject to further state or federal taxation."

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