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Colorado House approves business tax exemption
The Colorado House of Representatives is giving its support to a measure lawmakers hope will help create jobs in Colorado. The measure (House Bill 1263) doubles the small business personal property tax exemption currently allowed from $7,000 to $14,000. It also exempts a portion of the property of public utilities. Supporters say by providing relief from the business personal property tax, small businesses and other employers will have more money to buy additional equipment or even hire additional workers. The measure now moves to the Senate.
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Colorado House advances repeal of online sales tax
The Colorado House on Wednesday moved forward on a proposal that eliminates a law to collect sales taxes from out-of-state online retailers, a measure that drew the ire of Republicans last year and prompted a federal judge to block it.
The measure passed on a voice vote Wednesday and still needs one more vote before it goes to the Senate.
House Bill 1318 would repeal a law signed by former Democratic Gov. Bill Ritter last year. It requires retailers who don’t collect state sales tax to send their customers an annual notice of how much tax the customers should pay Colorado. It also requires retailers to provide the state with a list of customers.
A federal judge issued a preliminary injunction against the law in response to a lawsuit in January. The ruling said the law placed an undue burden on out-of-state businesses and that it raised questions about interstate commerce laws.
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SS109 wrote:
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Jokes aside, a law that isn't being enforced should be removed from the books. Too many laws out there that are out of date.
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That sort of thing not only costs tax dollars to administer but also winds up stifling competition, since plumbers scrutinize plumbers, nursing-home administrators oversee nursing homes, etc. To curtail such cozy practices, the Colorado House of Representatives has recently passed a "sunset" law that would require each of the state's 41 regulatory agencies to justify its existence every six years—or quietly expire. The state senate is expected to approve the bill in the next few weeks. Legislators know that most agencies will fight hard to stay in business, but many will be forced to streamline themselves or—bureaucrat's nightmare—to consolidate with others.
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Didn't CO used to have a sunset law that said that laws automatically go away unless they could periodically be rejustified, or did I dream that?
Colorado House approves business tax exemption
The Colorado House of Representatives is giving its support to a measure lawmakers hope will help create jobs in Colorado. The measure (House Bill 1263) doubles the small business personal property tax exemption currently allowed from $7,000 to $14,000. It also exempts a portion of the property of public utilities. Supporters say by providing relief from the business personal property tax, small businesses and other employers will have more money to buy additional equipment or even hire additional workers. The measure now moves to the Senate.
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In 1976, Colorado became the first state to pass a sunset law. The law automatically terminates certain state regulatory agencies, boards, or functions on specific dates. Unless the Legislature passes and the Governor signs sunset legislation extending the life of the agency, board or function, its affairs must be concluded within one year. The purpose of Colorado's sunset law is to balance the need for regulation that protects the public with the effects of possible over-regulation of an agency or profession.
DORA's Office of Policy and Research is responsible for the initial stages of sunset reviews. Sunset reviews are conducted according to statutorily established evaluation criteria. In general, the criteria address the following (Colorado Revised Statutes 2000):
* Whether regulation is needed to protect the public interest;
* If regulation is needed, whether the existing regulation is the least restrictive form of regulation consistent with the public interest;
* Whether the agency actually operates in the public interest; and
* Whether the agency operates effectively and efficiently.
Agencies, boards, and functions are each on a specific schedule, typically requiring a sunset review every 5 to 15 years. The SBA was last reviewed in 1993. A timetable and list of sunset review activities pertaining to the SBA appears in Table 2.
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