Yet another business personal property tax cut died in yet another “kill committee” of the Colorado Legislature on Wednesday, though for once the quest for such a break that is widely sought by business may not be over.
Democrats on the state House of Representatives' State, Veterans and Military Affairs Committee killed Senate Bill 9 over Republican objections.
SB 9 would have raised from $7,300 to $10,000 the maximum amount of equipment a business can own without having to pay annual property taxes on it.
It was the second time a bill sponsored by state Rep. Tim Leonard, R-Evergreen, proposing to cut the tax was killed in the committee this session, after countless rejections of similarly aimed proposals in recent years.
Read more at the Denver Business Journal: http://bit.ly/2p1euFi