Monday, May 23, 2011

Sonnenberg, Becker Bill to Repeal “Ag Tax” Signed Into Law

STERLING, Colo. – State Reps. Jerry Sonnenberg and Jon Becker joined Gov. John Hickenlooper as he signed the repeal of the “ag tax” into law today.  

House Bill 11-1005 repeals HB 10-1195, which suspended a tax exemption on the purchase of essential products that farmers and ranchers use.  HB 10-1195 was one of the “Dirty Dozen” tax increases passed by the Democrats last year.  

“The repeal of the ag tax is a win for rural Colorado,” said Sonnenberg, R-Sterling.  “This bill not only helps farmers and ranchers, but it also allows for Colorado’s agribusinesses to be at a level playing field with other states that don’t have this onerous tax.”
 
The bill was signed at Aero Applicators, a local agribusiness in Sterling.  Local farmers and citizens turned out in support of the bill.

“The ag tax was burdensome on our farmers and ranchers, especially in this tough economy,” said Becker, R-Fort Morgan.  “The repeal of the tax better positions the agriculture industry to help continue to grow Colorado’s economy.”

HB 11-1005 passed with overwhelming bipartisan support in the House.  This bill went into effect immediately with the governor’s signature.

###

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.