1. (1) At the statewide election held in November 2025, the secretary of state shall submit to the registered electors of the state for their approval or rejection the following ballot issue: Shall state taxes be increased by $95 million annually by a change to the Colorado Revised Statutes to support access to healthy food for Colorado kids and families, including the healthy school meals for all program, and, in connection therewith, increasing state taxable income only for individuals who have a federal taxable income of $300,000 or more by limiting itemized or standard state income tax deductions to $1,000 for single tax return filers and $2,000 for joint tax return filers for the purposes of fully funding the healthy school meals for all program to continue paying for public schools to offer free breakfast and lunch to all public school students while also increasing wages for employees who prepare and serve school meals, helping schools use basic, nutritious ingredients, instead of processed products, and ensuring that Colorado grown and raised products are part of school meals; supporting the supplemental nutrition assistance program (SNAP) that helps low-income Colorado families afford groceries; and allowing the state to retain and spend as a voter-approved revenue change all additional tax revenue generated by these tax deduction changes?

   Changes in Income Taxes Owed by Income Category

   Income Category Proposed Change in Average Income Tax Owed

   $299,999 or less $0

   $300,000 or more +$486

2. (2) For purposes of section 1-5-407, the ballot issue described in subsection (1) of this section is a proposition. Section 1-40-106 (3)(d) does not apply to the ballot issue.
3. (3) If a majority of the electors voting on the ballot issue described in subsection (1) of this section vote Yes/For, this constitutes a voter-approved revenue change to allow the retention and expenditure of state revenues in excess of the limitation on state fiscal year spending.
4. (4) If a majority of the electors voting on the ballot issue described in subsection (1) of this section vote No/Against, then this section is repealed, effective July 1, 2026.

Source: L. 2025: Entire section added, (HB 25-1274), ch. 402, p. 2282, § 3, effective June 3. L. 2025, 1st Ex. Sess.: (1) amended, (SB 25B-003), ch. 2, p. 4, § 2, effective August 26.

Cross references: For the legislative declaration in HB 25-1274, see section 1 of chapter 402, Session Laws of Colorado 2025. For the legislative declaration in SB 25B-003, see section 1 of chapter 2, Session Laws of Colorado 2025, First Extraordinary Session.