Effort to roll back business tax breaks collapses at Colorado Capitol

Gov. Polis helps axe bills rolling back business tax breaks

Gov. Polis played an important role in killing two of the most anti-business bills introduced this session.

Veto threat nixes attempt to revive ‘most effective’ anti-child poverty tax credit

A pair of bills looking to bridge support for low-income families by closing some corporate tax cuts died Monday afternoon for a lack of support -- and sponsors of the biggest bill blame a veto threat from Gov. Jared Polis.

Democrats abandon rollback of business tax breaks to fund family tax credit after Colorado governor’s veto threat

A group of Democratic state lawmakers said a veto threat from Gov. Jared Polis led them to abandon their effort to roll back some tax breaks for businesses and raise hundreds of millions of dollars each year to expand a tax credit for lower-income families with children.  House Bills 1221 and 1222 were killed in the Senate Finance Committee on Monday at their sponsors’ request.  “The overarching goal was to get at this problem that we have in ou…

Effort to roll back business tax breaks collapses at Colorado Capitol

Colorado Democrats in the final days of the legislative session largely abandoned their plan to reverse a suite of tax breaks for businesses and redirect that money to a new tax credit for lower-income families.  After passing the House earlier this month, two bills that were the core of Democrats’ tax package failed on Monday, May 11, in the Senate Finance Committee. The legislative session ends on May 13.  Proponents said the bills were aimed …