CO SB222

Requires ballot titles and fiscal summaries for any ballot initiative that increases or decreases individual income tax rates to include a table showing the estimated tax impact on different income categories.

The required table must contain four columns: "Income Categories," "Current Average Income Tax Owed," "Proposed Average Income Tax Owed," and "Proposed Change in Average Income Tax Owed," with tax increases shown as dollar amounts preceded by a plus sign and decreases preceded by a negative sign.

Establishes eight specific income categories based on federal adjusted gross income, ranging from $25,000 or less up to greater than $5 million.

Applies the same table requirements to ballot information booklets for any initiated or referred measure modifying state tax laws that would affect individual income tax revenue.

Requires voter approval through a statewide referendum at the November 8, 2022 election to become law.