Friday, April 8, 2011
Colorado instituted a similar tax amnesty program in 2003.
Senate Bill 184 would also help make state government more transparent by ensuring taxpayer money is spent wisely. The bill would require the state to report the cost and effectiveness of all tax expenditures, such as tax credits and exemptions, which result in reduced state revenue. Tax expenditures currently make up more than one-fifth of all state spending, but no data is collected or reported on the effectiveness of this spending.
Senate Bill 184 will now be heard by the full Senate.
Posted by Politics Colorado at 10:25 AM