Enterprise Zone rules merit close review
Thankfully, cooler heads prevailed when the House Finance Committee rejected a cap of as little as $250,000 a year per company. But other bills are still working their way through the statehouse, and a lot of damage could be done between now and the end of this year's session.
These tax credits are aimed at helping revitalize economically distressed areas.
The Northern Colorado Legislative Alliance, Northern Colorado Economic Development Corp., the Colorado Oil and Gas Association and the Colorado Dairy Farmers are among those aligned in the fight.
Whether your business is located in one of these zones or not, this is a battle that deserves your support.
That said, reforms of some sort might be in order.
For the uninitiated, these credits are worth a lot of money. They're not like deductions that change the amount of income that is taxable. Instead, each credit is deducted dollar for dollar from the income tax a company owes. They're available in exchange for capital investments, expansions as
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Groans, too, no doubt, from oil and gas interests and others.
The number of people living