Rep. Neguse Applauds IRS Decision to Not Tax TABOR Payments

Lafayette, CO — Congressman Joe Neguse, who previously served as Executive Director of Colorado’s Department of Regulatory Agencies from 2015-2017, released the following statement after the Internal Revenue Service (IRS) announced its decision to not tax Colorado Taxpayer’s Bill of Rights (TABOR) payments: 

“For thirty years TABOR revenue payments have rightfully made their way to Colorado families without any issues from the IRS. I am grateful the agency has heeded my call, joined by my colleagues, to ensure that it stays that way and that these payments will not be taxed.”

In a letter to the Commissioner of the IRS Douglas O'Donnell sent earlier today, Rep. Neguse and his colleagues implored the agency to honor long-standing regulatory practice and treat the revenue payments as nontaxable income. 

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