VOLUNTEER OPPORTUNITY: Sign up now for Xcel Energy Day of Service on Sept. 10 (More Information)

State House Approves Business Tax Exemption

DENVER (AP) – The Colorado House of Representatives is giving its support to a measure lawmakers hope will help create jobs in Colorado.

The measure (House Bill 1263) doubles the small business personal property tax exemption currently allowed from $7,000 to $14,000. It also exempts a portion of the property of public utilities.

Supporters say by providing relief from the business personal property tax, small businesses and other employers will have more money to buy additional equipment or even hire additional workers.

The measure now moves to the Senate.

(Copyright 2011 by The Associated Press.  All Rights Reserved.)

Comments

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Denver

JonBenét Ramsey Docuseries
DAY OF SERVICE

Listen Live

AM/FM Stations

Featured Shows & Multimedia