FY2011 Casino Tax Rates Reinstated for FY2013

Each May the Colorado Limited Gaming Control Commission reviews the tax structure for casinos. In 2011 the commission approved a 5% tax cut. The following month they were asked to reconsider the tax cuts but refused. In July of 2011 Governor Hickenlooper replaced all 5 commissioners. (See this blog's July 2011 entry.)

This past May the 5 new commissioners reinstated the former tax rates for fiscal year 2013. The maximum tax rate is 20%, the rate as of July 1, 2008. According to Amendment 50 passed by the voters in 2008, the maximum rate cannot exceed the July 1, 2008 rate unless the state’s voters approve an increase.