A bill that would eliminate all enterprise zone tax credits, House Bill 1396, was withdrawn this morning by its sponsor, Rep. Joel Judd, D-Denver. Stefannie Finley, president of the Colorado Springs Chamber of Commerce’s governmental affairs division, said Judd didn’t have enough supporting voters from the House Finance Committee. Opponents claimed the bill will both [...]
Continue reading …Businesses in Colorado would have to justify tax breaks they receive from the state under legislation introduced in the state House. House Bill 1350, sponsored by Rep. Sal Pace, D-Pueblo, requires any business that receives more than $25,000 in tax breaks — mostly for job-creation or relocation — to justify their use of the money. [...]
Continue reading …DENVER (AP) – Legislation to tax candy, soda, software downloads and energy used in manufacturing passed the first reading in the Colorado Senate by a single vote. The measures passed their initial reading late Monday night after about 12 hours of debate. The final round of voting might not come until Wednesday. Bills to tax [...]
Continue reading …DENVER (AP) – Republican lawmakers are calling on the governor to cut about $320 million from the state’s budget instead of raising taxes on businesses. GOP senators said Thursday they’ll introduce a bill calling for $17.8 million in cuts this year – about 0.24 percent of the budget. Next year they want $306.5 million in [...]
Continue reading …Little time left to take advantage of substantial tax benefits Less than three weeks remain for business owners to consult their tax advisers and take advantage of tax breaks for 2009. One of the ways in which the government has attempted to restore economic stability is by offering tax incentives to small businesses to stimulate [...]
Continue reading …WASHINGTON (AP) – When it comes to paying for a health care overhaul, Americans see just one way to go: Tax the rich. That finding from a new Associated Press poll will be welcome news for House Democrats, who proposed doing just that in their sweeping remake of the U.S. medical system, which passed earlier [...]
Continue reading …Spurred on by the then-booming economy during 2007, Colorado legislators and liberal interest groups were poised to load the 2008 ballot with revenue-enhancing proposals — or, less politely, new taxes. Interviewed by the Denver Post during October of 2007, then-House Speaker Andrew Romanoff said, “If I had to choose today between providing health care for [...]
Continue reading …To ensure a more sustainable funding structure, the City of Colorado Springs should consider implementing new taxes and fees, extending or increasing existing taxes and fees, reducing existing tax exemptions, and augment or modify the way it provides services.
Continue reading …Despite El Paso County’s ongoing financial woes, County Commissioners won’t be asking the voters to approve any new taxes. “I think we need to make it clear that we won’t be going to the voters and asking for a tax increase,” said Board Chair Jim Bensberg, after the commission had received a grim overview of [...]
Continue reading …As a result of the passage of S.B. 275, state sales-tax and use-tax service fees have been eliminated. The change, which is effective July 1, comes after both service fees were reduced from 3.3 percent to 1.35 percent during March. Prior to the change, the Colorado Department of Revenue could only keep the fees if [...]
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