A legislative session that began with a fight over tax credits ended the same way Wednesday, The Durango Herald reports.
Legislators put more than $100 million of tax benefits on hold in the final hours of their session, suspending the “homestead exemption” for senior citizen homeowners and tax credits for big businesses.
Democratic sponsors argued that money will be needed next year, when steep cuts to schools are expected.
In other coverage:
The Denver Daily News: Senior citizens and big businesses would be affected under two bills that lawmakers passed yesterday. Senate Bill 190 would eliminate part of the property tax exemptions that qualifying senior citizens get in Colorado, while House Bill 1200 would delay tax credits for Colorado’s largest businesses that operate in enterprise zones. The bills seek to help close an estimated $85 million budget gap in the state budget.