GOP Bill Repealing Onerous Software Tax Signed into Law

Colorado is Upgrading to a More Friendly Business Environment

COLORADO SPRINGS, Colo.—Colorado’s small businesses and job creators got a boost today as a bill repealing the state’s onerous software sales tax was signed into law.

House Bill 1293, sponsored by House Majority Leader Amy Stephens and State Rep. Carole Murray, repeals taxes on software use in Colorado for all Colorado businesses. 

“This is an area where Republicans are leading, because we know it will create jobs and help get our economy back on track, as well as improve our business image in the software industry nationwide,” added Murray, R-Castle Rock.  “By repealing the software tax, we're showing the IT industry that Colorado is open for their businesses. This is a growth industry that we want to encourage, not discourage through industry-targeted taxes.” 

House Bill 10-1192 has added administrative costs to employers across the state, resulting in tax increases of more than eight percent.  It added extra costs to companies who employ people in Colorado.

“In 2010, Democrats in the General Assembly and Gov. Bill Ritter pushed through a series of tax increases that have stifled job growth in our state,” said Stephens, R-Monument.  “With the new governor’s signature, we have successfully removed one of the most onerous taxes targeted at Colorado’s small businesses.”

The law goes into effect on July 1, 2012. 

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