Some great news!
Last updated 3/29/2022 at 2:44pm
Our Colorado small-business owners will now see a $50,000 exemption in the Business Personal Property Tax, beginning tax year 2022 payable in 2023. Thanks to (passage of) House Bill 21-1312, our local small-business owners can finally see the light at the end of the tunnel. Since 2005, many of our El Paso County elected, including myself, have worked to kill this albatross around the necks of small-business owners.
I have always felt this is double taxation. Our business owners pay a sales tax on this equipment when purchasing and also pay a yearly State of Colorado Business Personal Proper...