Thursday, February 22, 2018

Cultural Tax Error Corrected

It required a failed special session and involved much partisan wrangling, but a correction to a legislative error concerning collecting retail marijuana taxes passed easily in the first six weeks of the 2018 legislative session. Sponsors Republican Senator Bob Gardner and Democratic Representative KC Becker helped design and pass the legislation. Lt. Governor Donna Lynn signed the bill. Thank you Donna.

Considerable effort was expended by the lobby teams representing the Scientific and Cultural Facilities District (SCFD), RTD and the independent group, Citizens for Arts to Zoo that supports the SCFD. Fortunately, by staying engaged in the legislative correction, culture support retrieved an estimated $9 million for the SCFD and its programs during the life of the 2016 extension.

Additional good news came this week with the report of the 2017 sales tax revenue. The year’s final sales tax revenue shows $59.8 collected for distribution, a 5.7 percent increase over 2016. Over the next 12 years, upward of $1 billion (at a 3.7% increase) will be collected and distributed for the benefit of the citizens and visitors of the SCFD region. What a gift for our cultural quality of life.

Bill to resolve pot tax error heads to Hickenlooper’s desk
Fix to marijuana taxes for special districts headed to Colorado governor
Bill to restore marijuana-tax funding to RTD, SCFD signed into law

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