Colorado lawmakers try, try again to cut the hated business personal property tax

DENVER BUSINESS JOURNAL - Colorado state Senate members passed a bill Monday to increase the exemption for the business personal property tax by a hefty 27-6 margin — the kind of bipartisan agreement that one might think would lead to success for the bill in the House or Representatives.

But when asked just hours before the vote about the chances for the long-sought GOP goal of making substantial cuts to the widely hated tax on business equipment, Senate President Kevin Grantham, R-Cañon City, jokingly deflected the question by asking, “Hey, how about that nice weather we’ve been having?”

And Senate Majority Leader Chris Holbert, R-Parker, responded with a verbal treatise on why the Legislature likely will never take a significant swipe at the tax unless it were to develop dynamic modeling in determining the effect of bills on its budget.

Read more at the Denver Business Journal: http://bit.ly/2oRHg9U

(© 2017 American City Business Journals)


JOIN THE CONVERSATION

To find out more about Facebook commenting please read the
Conversation Guidelines and FAQs

Leave a Comment