Jefferson County commissioners voted 2-1 on Tuesday to eliminate the county’s portion of the business personal property tax, which taxes businesses for goods and products, including equipment.
The decision will cut nearly $7 million or 1.3 percent of the county’s budget. Commissioners Libby Szabo and Tina Francone — both of whom are business owners — felt strongly in favor of eliminating the tax, while Commissioner Casey Tighe had concerns.
According to a report from the Jefferson County Economic Development Corporation, 83 percent of businesses in Jeffco have nine employees or fewer. Furthermore, 86 percent of Jeffco’s manufacturing businesses — those often hit hardest by the tax — have 20 employees or fewer.
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