Colo. lawmakers approve nixing tax breaks
DENVER – After nearly 10 hours of debate, the Colorado House has given initial approval to bills eliminating or suspending tax breaks on junk mail, candy and soft drinks.
They also approved a tax on software downloaded from the Internet and fast food takeout boxes.
The bills face a third reading before they go to the Senate.
The debate extended long into the night Friday as Republicans fought unsuccessfully to stop 10 bills that will force companies and consumers to come up with $18 million to help balance the state budget.
Gov. Bill Ritter proposed going after tax breaks after the state was forced to cut $2 billion from this year’s budget and another $1 billion in next year’s budget that begins July 1.
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