Tag: Sales Tax
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Panel strikes down Republican-backed tax exemption for prepared food
One of the leading bills in this session’s Republican agenda met its end Monday after a state House panel voted down the effort to exempt prepared food from sales tax. Currently, food purchased to be prepared and eaten at home is already exempt from sales tax. If passed, House Bill 1062 would have expanded the…
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Tax exemption for period products, diapers passes Colorado legislature
Legislation to exempt period products and diapers from sales taxes cleared its last vote on Monday, moving forward to Gov. Jared Polis for final consideration. If signed into law, House Bill 1055 would expand sales tax exemptions for the products — including tampons, pads, menstrual cups, sponges, sanitary napkins and panty liners — and for…
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House panel advances sales tax exemption for period products, diapers
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Period products and diapers would be exempt from sales tax in Colorado under a bill working its way through the state House of Representatives. If passed, House Bill 1055 would expand sales tax exemptions for period products — including tampons, pads, menstrual cups, sponges, sanitary…
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House committee clears bill extending small business exception from destination sourcing tax law
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Facebook Twitter WhatsApp SMS Email Print Copy article link Save Facebook Twitter WhatsApp SMS Email Print Copy article link Save The first bill to be acted on in the 2022 General Assembly won a unanimous vote Thursday from the House Business Affairs & Labor Committee and is on the fast-track to the governor’s desk. House…
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Denver City Council makes scathing proclamations against two ballot initiatives
Facebook Twitter WhatsApp SMS Email Print Copy article link Save The Denver City Council made a pair of proclamations Tuesday announcing the council’s fervent opposition to two initiatives set to appear on the November ballot. The proclamations, presented at the governance committee, objected to Initiated Ordinance 303 and Initiated Ordinance 304 — Republican-backed initiatives regarding…
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Greenwood Village welcomes sprawling entertainment complex Pindustry
When Greenwood Village created the Arapahoe Entertainment District, longtime Centennial developer Kelmore Development wasted no time putting together a plan to transform an old automobile service center building it owned on Arapahoe Road just west of I-25. On Sunday, residents and visitors will get the first look at the sprawling entertainment complex that is Pindustry,…
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Owner of Gaylord Rockies resort to reap $1.3 billion in tax incentives
Ryman Hospitality Properties’ recent announcement it is buying the remaining interest in the Gaylord Rockies Resort and Convention Center means it can push the gas pedal to the floor creating the “Opryland of the West.” But Ryman isn’t the only one paying for the Gaylord Rockies: Colorado and the City of Aurora will pay Ryman…
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City officials predict Denver revenue will nearly return to pre-pandemic levels in 2022
In the first discussions of the 2022 city operating budget, officials said they expect Denver’s revenue to recover significantly in the upcoming year, nearly reaching 2019 rates. According to the preliminary revenue forecast, Denver is expected to reach $1.372 billion by the end of 2021 and $1.405 billion in 2022. This is a big improvement…
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Colorado Springs sales tax collections rise again despite pandemic
Colorado Springs sales tax revenues rose again last month as construction industry purchases remained strong and consumers ramped up spending heading into the holiday shopping season. Sales tax revenues in December, which were collected on November purchases, climbed 8.4% to $15 million on a year-over-year basis, according to a report by the Colorado Springs Finance…
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Loss of 2021 Stock Show revenue stings Denver
Losing an event that draws more than 700,000 visitors from 42 states and 35 countries hurts in many ways, but the City of Denver’s tax coffers will undoubtedly feel the loss of the 2021 National Western Stock Show most acutely. Economic impact studies have shown the Stock Show generates some $120 million of economic activity…