A bill that would cap enterprise zone tax credits at $250,000, costing Evraz Rocky Mountain Steel in Pueblo about $345,000 annually was killed in the Senate on Monday, but promptly revived, The Pueblo Chieftain reports.
After HB1200 failed on an 18-16 vote, a motion was made to reconsider the action, and it was resuscitated. A final vote on the bill is expected today in the Senate.
The bill would impact about 50 businesses statewide (some of which claim the exemption at more than one outlet). The steel mill in Pueblo ranks 12th on the list, with an enterprise zone tax break of $595,634 annually, according to state documents.