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<br />I <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br /> <br />9 <br />10 <br />11 <br />12 <br />13 <br /> <br />14 <br />15 <br />16 <br />17 <br /> <br />18 <br />19 <br /> <br />20 <br />21 <br />22 <br />23 <br /> <br />UtiIityTAXES AND CHARGES. elffl.AJlN' and o{{ltpatitnllax add Jiano'li${ chal-ge. <br />This measure affects taxes AND FRANCHISE CHARGES paid on gas and electric service, <br />telephone service, and cable television service, AND OTHER UTILITIES. Homeowners and <br />renters do not pay state sales taxes on their gas and electric bills, but in most cases pay local <br />taxes on these bills. Telephone bills can include sales taxes for services for regular <br />telephones, cellular telephones, FAX machines, pagers, and other telecommunications <br /> <br />e <br /> <br />equipment. AS tlvdl CLC) vell"l Ghldg(,~ ~u\..h as tllG u.1~ v......l.ClaI .!tG"",-,.')S reG A1~d tL~ IJ.GM~u5 ~n.lpu.~J.....d <br /> <br />fee; The tax CUTS I CdtKt;Ou^ for these taxes and charges begin in 200 I. <br /> <br />!;!o/tt, Vehicle taxes. The state, a few special districts, and most cities and counties <br />impose a sales tax when a moh'll vehicle is purchased. The tax CUT lcdnctioh applies to the <br />state sales tax and each local sales tax. In addition to sales tax, a vehicle ownership tax is <br />paid annually when a vehicle is registered. The vehicle ownership tax declines as a vehicle <br />ages. The $25 tax CUT IcduG(;0u for each motor vehicle tax begins in 2001. <br /> <br />Impact of proposal on taxpayers and governments. Table I shows the estimated <br />impact of these tax CUTS .cduG(;ou; on Colorado's taxpayers and governments. The <br />income and property tax CUTS .cdu"t;uu. affect taxpayers and governments for the first time <br />in 2002. <br /> <br />Table 1 <br />Taxpayer Savings/Government Revenue Reductions <br /> <br />Government Type 2001 2002 2003 <br />State $107 Million $297 Million $435 Million <br />Local $225 Million $661 Million $1,071 Million <br />Total $JJJ Iv{~ll~v.Ll $958 Million $1,507 Malivll <br /> $332 Million $1,506 Million <br /> <br />e <br /> <br />24 The estimated tax savings for FOUR three different households are shown in Table <br />25 2. The actual tax reductions for any household will depend on several factors, including the <br />26 number and age of vehicles owned, actual UTILITY tckpl.uuG aud I."ab'light EXPENSES <br />27 c~cuditu,,,., the local sales tax rates, the mill levy and the number of tax districts for <br />28 property tax purposes, and whether a taxpayer owns property and pays income taxes. <br /> <br />e <br /> <br />-2- <br />