Tag Archive | "Tax Exemptions"

Colorado Not Targeting All Tax Breaks

Tax increases Colorado lawmakers are rushing to pass to balance the budget would undo about 6 percent of the $2.2 billion in tax credits and exemptions on Colorado’s books.

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Tax Bills Move

Candy, soda, Amazon purchases and select software are one step closer to being taxed after the Colorado senate Wednesday gave its final approval to a group of bills that would suspend or eliminate a series of tax credits or exemptions.

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GOP Sen. Brophy Predicts Problems With Bills Increasing Taxes

As the legislative battle over eliminating tax breaks nears its end, some lawmakers wonder if another front will emerge months down the line in court.

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GOP Pounces on Heath Misstatement

Colorado Republicans Monday jumped on Sen. Rollie Heath, a Boulder Democrat, for referring to the proposed elimination of a series of tax credits and exemptions as a tax increase.

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Senate Tax Debate Goes Deep Into Night, But Measures Win Approval

The Colorado Senate gave initial approval to a package of bills removing tax breaks on candy, soda, software, junk mail and other items Monday night.

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HB10-1193: Colorado Considers New Tactic to Tax Online Sales

Colorado lawmakers are considering a new tactic to go after tax revenue from online sales. They want out-of-state online retailers to either start collecting the tax or send annual notices to their customers telling them to pay the tax themselves.

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Parties Lock Horns Over Tax Package, Offer Dueling Budget Plans

After a week of intense debate, late nights and high tension, the Senate began floor debate on a package of Democratic bills that cut business-tax exemptions and credits in order to balance a budget that is bleeding red ink.

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Independence Institute: Software Download Tax a Threat to Online Future

Did you know that computer software, a pattern of electrical impulses that can be duplicated and whisked across the world at the speed of light, is actually tangible property and therefore subject to sales tax? Well, maybe not yet, but it will be in Colorado if House Bill 10-1192 is passed.

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HB10-1191: Candymaker Says Candy Tax Unfair

“Let’s face it, taxes on any food items are among the most regressive taxes in America.”

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Senate Panel Will Hear Tax-Exemption Bills This Morning

A Senate committee on Wednesday will take up tax-credit bills, but wants to try to do it before the clock strikes midnight.

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