Some Colorado tax breaks could end
DENVER, Colorado- Colorado lawmakers are taking another look at ending some tax breaks to help make up for revenue lost during the recession.
The state has 71 tax breaks and credits worth nearly $2 billion a year. One is an exemption for bull-semen sales, which cost the state $3.2 million this year. There’s $600 million in breaks for manufacturers who buy component parts.
There are also tax breaks for enterprise zones, which cost $50 million a year. The intention is to help attract businesses to “economically distressed” areas but the zones now cover about 70 percent of the state.
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Are we seeing more bears because there are more bears on the valley floor, or because we’re all spending more time at home? It could be a bit of both.