Property tax breaks for businesses
The Loveland Republican’s bill marks the latest attempt by lawmakers to reduce the tax. Between 2003 through 2012, Colorado lawmakers have introduced 29 bills aimed at altering the tax, according to the National Conference of State Legislatures.
Four of those bills succeeded. Notably, a bill passed last year authorizes Colorado counties, cities or special districts to negotiate an incentive payment or credit with businesses that establish a new facility. Avago Technologies will take advantage of the credit on equipment bought by the company for 10 years as part of its expansion in Fort Collins.
County commissioners would likely see a jump in requests for exemptions if DelGrosso’s bill were to pass.
Commissioners may have to “develop their own criteria to decide when to give it and when not to,” said Bob Keister, Larimer County budget manager. “That would have to be a whole new policy development.”
DelGrosso called the tax one of the “most-
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