New IRS guidance could potentially tax Colorado's TABOR refunds

PLUS l Broncos add four receivers to practice squad; Colorado Springs school districts accredited with distinction, low-performing school watch list changes under annual performance ratings and more. [View in browser]( [Share with a friend]( Springs AM Update [News]( [Sports]( [Opinion]( [Life]( Welcome to Thursday. It’s Aug. 31, 2023. Take 5 minutes to catch up on what's happening in Colorado. In today’s edition: - [New IRS guidance could potentially tax Colorado's TABOR refunds]( - [Broncos add four receivers to practice squad, including veteran Phillip Dorsett, and bring back QB Ben DiNucci, Air Force's Jordan Jackson]( - [Colorado Springs school districts accredited with distinction, low-performing school watch list changes under annual performance ratings]( [New IRS guidance could potentially tax Colorado's TABOR refunds]( Only six months ago, Coloradans breathed a sigh of relief when the Internal Revenue Service announced it would not take out federal taxes on refunds from Colorado's Taxpayer's Bill of Rights. But now Colorado officials worry that taxability of the refunds is once again being called into question under new guidance released by the IRS on Wednesday, which could potentially reverse its decision. [Read More]( Did you miss these stories? [Broncos add four receivers to practice squad, including veteran Phillip Dorsett, and bring back QB Ben DiNucci, Air Force's Jordan Jackson]( [Colorado's State Fair junior livestock auction brings in $470,000]( [PHOTOS: Denver Zoo welcomes newborn, critically endangered orangutan]( [Why kicker Wil Lutz is ‘really fired up’ to join Broncos, reunite with coach Sean Payton]( Kicker Wil Lutz described being traded from the Saints to the Broncos as “a crazy 24 hours” that culminated with his first practice Wednesday. [Read More]( [Biden administration recommends classifying marijuana as Schedule III drug: Report]( The U.S. Department of Health and Human Services is recommending the Drug Enforcement Administration reschedule cannabis — previously listed as a dangerous drug posing the same risks as LSD, peyote and heroin — to a much lower classification, according to news reports on Tuesday. [Read More]( [Colorado Springs City Auditorium renovation plans halted after nonprofit pulls out of project]( Citing insufficient fundraising, the Colorado Springs Community Cultural Collective at City Auditorium on Tuesday terminated its two-year memorandum of understanding with the city of Colorado Springs, halting progression on renovating the 100-year-old building and relinquishing the nonprofit organization’s use of the facility for events. [Read More]( More Top Stories: The Colorado Department of Education reports a [greater percentage of schools and districts earned higher marks than in 2022](. Locally, 10 of the Pikes Peak region’s 17 districts received fewer performance points compared to last year, and just seven are satisfactorily accredited. Wade Ingle, Colorado State University’s associate director of outreach and engagement, believes [learning can and should take place anywhere — even at the Colorado State Fair](. "I think it shows that a guy like Kris or Charlie, or other [veteran players, feel it's important to get certain messages across to players](," manager Bud Black said. "Kris had some things he wanted to say that were positive, and that he wanted to guys to understand. Before you go... [This morning's weather from American Furniture Warehouse:]( Sunny, along with a few afternoon clouds. High 92F. NW winds shifting to SSE at 10 to 15 mph. [Facebook]( [Twitter]( [Instagram]( [LinkedIn]( [YouTube]( Was this email forwarded to you? Sign up [here](. Engage in the conversation in [today's eEdition]( Interested in podcasts? Check out ours [here.]( Manage your email preferences or unsubscribe [here.]( 30 East Pikes Peak Avenue, Suite 100 Colorado Springs, CO 80903