By Ed Sealover | The Sum & Substance
After considering several options to reduce the business-personal-property tax burden, Colorado legislators appear interested in backing a plan that would nix a rarely used tax break and create a new benefit focused on smaller companies.
Late last month, the Legislative Oversight Committee Concerning Tax Policy advanced five proposals to Legislative Council, which will meet next week to determine which of those and of other interim-committee suggestions will be introduced as bills in the 2025 session. And while committee members declined to advance either of two BPPT-specific proposals it earlier had discussed, they did agree to incorporate one of those proposals into an omnibus bill that would make myriad changes to state tax law.