Small business tax credit measure advances

Posted 3/11/14

A House committee on March 6 gave unanimous approval to a bill that creates tax credits for business personal property.

House Bill 1279 – sponsored by Democratic Reps. Dave Young of Greeley and Dianne Primavera of Broomfield – creates a …

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Small business tax credit measure advances

Posted

A House committee on March 6 gave unanimous approval to a bill that creates tax credits for business personal property.

House Bill 1279 – sponsored by Democratic Reps. Dave Young of Greeley and Dianne Primavera of Broomfield – creates a credit for business personal property taxes for companies with $25,000 or less in equipment value. Young said that about 55,000 Coloradans will qualify for the tax credit.

Other versions of the bill had suffered defeats in previous legislative sessions. However, this year’s effort does not cut into revenue that is collected by local governments or school districts.

The bill passed House Business, Labor, Economic and Workforce Development Committee following an 11-0 vote and now heads to the House Finance Committee for further consideration.

Gov. John Hickenlooper on March 7 signed into law a bill that organizes newspaper legal notices on a statewide website.

Colorado law requires that all legal notices be published in newspapers of wide circulation that reside within the county where the notices apply. House Bill 1056, sponsored by Rep. Carole Murray, R-Castle Rock, creates a statewide legal notice website that is run by an organization that represents newspapers.

Jerry Healey, the publisher of Colorado Community Media, joined Murray and Hickenlooper at the bill signing, which took place inside the governor’s office.

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