|Potential Ballot Initiatives Focus on Taxes and Medical Psilocybin Use
The nation is holding its general election in November of this year. During this election, all of Colorado’s executive offices, seats in the U.S. House of Representatives and a seat in the U.S. Senate are up for election. The November ballot will also feature a variety of ballot initiatives, which provide Colorado citizens with another avenue to impact statue for the state.
In Colorado, citizens have the powers of initiative, both statute and constitutional, and veto referendum. To get an initiated state statute or initiated constitutional amendment on the ballot in 2022, proponents need to collect 124,632 valid signatures. Petitioners have six months to circulate signature petitions, and the deadline for submitting signatures is set by the state constitution three months before the election.
So far, only one initiative has been verified for the ballot on Nov. 18, 2021, covering the reduction of the state income tax rate from 4.55% to 4.40%. Numerous other ballot proposals are currently making their way through the title setting process. From 2000-2018, an average of about nine measures appeared on the statewide ballot during even-numbered years, and the approval rate for measures on the ballot in those years was about 41%.
While only one initiative is certain to be on the November ballot at this point, there are several other initiatives that are under review, including:
🗳️ Allowing legal access to currently controlled substances under Colorado law, including certain plants and fungi, for medicinal purposes
🗳️Decriminalizing the personal use of entheogenic plants and fungi, such as psilocybin, ibogaine, mescaline and dimethyltryptamine for people over 21
🗳️ Proposing any citizen-initiative measure to change property tax be decided through a local election, eliminating its inclusion on the statewide ballot
🗳️ Reducing sales tax from 2.9% to 2.89%
🗳️ Temporarily reducing state sales tax from 2.9% to 2.89% between different time periods
🗳️ Changing the state and local process for petition, fining people who interfere with petitions, giving authority to local governments to run initiatives and referenda
🗳️Criminalizing abortion by making penalties similar to murder of an adult
The Chamber will be keeping a close eye on initiatives that impact the business community or Colorado’s economy. Our annual Chamber Ballot Guide will be circulated in late summer for the community to dig deeper into the proposals certain to be on the November ballot.