Colorado governor proposes progressive casino tax of up to 35%
Colorado Governor Jared Polis has proposed a progressive tax on casinos before his term ends in January. The plan would set an effective rate of 23%, with casinos earning more than a threshold paying up to 35%; Polis said it could raise $80.2 million annually for childcare and preschool programmes.
The proposal could increase casino tax liabilities and direct new state revenue to childcare and preschool programmes.