DENVER—The House of Representatives gave final approval to a measure sponsored by State Rep. Chris Holbert that helps Colorado job creators by improving the state’s tax climate.
“Colorado’s business community must be allowed to grow and succeed,” said Holbert, R-Parker. “By making it less onerous for businesses to operate here, we are showing the state that we are serious about getting our economy back on track.”
House Bill 1141 exempts purchases made anytime between Jan. 1, 2012 and Dec. 31, 2013 from business personal property taxes.
The measure passed, despite House Democrats vehemently opposing the job creating measure, which would also help provide additional funds to school districts.
“This measure allows small businesses to start, relocate, grow or retrofit by reinvesting their own money so they can grow and create jobs, increasing our tax base and helping schools,” added Holbert.
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