Ballot Question: Without raising taxes, may the state retain and spend revenues from taxes on cigarettes, tobacco, and other nicotine products and maintain tax rates on cigarettes, tobacco, and other nicotine products and use these revenues to invest twenty-three million six hundred fifty thousand dollars to enhance the voluntary Colorado preschool program and make it widely available for free instead of reducing these tax rates and refunding revenues to cigarette wholesalers, tobacco product distributors, nicotine products distributors, and other taxpayers, for exceeding an estimate included in the ballot information booklet for proposition EE?
Proposition II, if approved, would:
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allow 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 products, including interest, rather than refund it to wholesalers and distributors of these products; and
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allow the state to maintain the current tax rates that apply to cigarettes, tobacco products, and nicotine products, rather than reduce the rates in the future, and to keep and spend the revenue collected under these rates on preschool programs.
What Your Vote Means
A “yes” vote on 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 products, including interest, and to maintain the current tax rates on cigarettes, tobacco products, and nicotine products. The future tax revenue will be spent on preschool programs.
A “no” vote on Proposition II means that $23.65 million will be refunded to wholesalers and distributors of cigarettes, tobacco products, and nicotine products, and tax rates on cigarettes, tobacco products, and nicotine products will be reduced.