Will Colorado tax sacramental wine?

A bicameral committee in Colorado’s legislature is considering two bills that would tax sacramental wine and insurance premiums paid to fraternal societies, like the Knights of Columbus, that sell insurance to their members.

The Tax Expenditure Evaluation Interim Study Committee of the Colorado General Assembly is tasked with evaluating recommendations regarding Colorado’s tax exemptions and credits from the state’s auditor.

Colorado governor Jared Polis pledged during his 2018 campaign to close “tax loopholes,” which he says lead to higher tax rates for state residents and businesses.

“We pay too much because special interests get too much in tax breaks,” Polis told business leaders earlier this year.

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