Colorado Proposition Ii 2024. November 7, 2023 / 4:04 pm. Washington (ap) — colorado voters will decide two statewide ballot measures.
This initiative would limit property tax revenue from increasing beyond 4% growth from the total statewide. Proposition ii asks voters to let the state keep $23.65 million in tax revenue already collected from the sale of tobacco and vaping products and spend it on.
November 1, 2023 | Last Updated:
Proposition ii allows the state to keep and spend $23.65 million in tax revenue that has already been collected from the sale of cigarettes, tobacco products, and nicotine.
Colorado Proposition Ii Election Results 2023:
Updated 6:17 am pdt, november 3, 2023.
This Initiative Would Limit Property Tax Revenue From Increasing Beyond 4% Growth From The Total Statewide.
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Proposition Ii Allows The State To Keep And Spend $23.65 Million In Tax Revenue That Has Already Been Collected From The Sale Of Cigarettes, Tobacco Products, And Nicotine.
Measure asked to put $23.65 million back into preschool.
The Ballot Measure Allowed The State To Keep And Utilize Excess Revenue ($23.65 Million) Generated From Increased And New Tobacco, Cigarette, And Nicotine Taxes Approved By Voters In 2020.
Now that proposition ii has passed, the tax on a pack of cigarettes will be $1.94 from january through june next year, $2.24 from july 2024 through june 2027.