By Ed Sealover | The Sum & Substance
Colorado legislators who focused heavily on cutting property taxes for homeowners during this week’s special session also approved one other tax break — one specifically focused on an emerging technology in the agricultural sector.
House Bill 1003, which passed both chambers by wide margins, expands and extends a 2022 law that defined produce-focused greenhouses and the equipment therein as agricultural equipment and thus exempted them from the business personal property tax. While such a focus for a bill may seem to have been far afield from the main concerns of the four-day session — and was a major reason some legislators opposed it — sponsors argued it fit under Gov. Jared Polis’ call to pass bills lowering property tax for 2025.