Colo. lawmaker wants ag tax exemption reinstated

By: Associated Press Email
By: Associated Press Email

DENVER (AP) - A Republican state lawmaker is trying to restore a state income tax exemption for farmers and ranchers.

Rep. Jerry Sonnenberg of Sterling says agriculture needs the exemptions from sales and use taxes for the agricultural products for livestock and pesticides. The exemption would cost the state $1.3 million this fiscal year ending in June and $3.7 million next year.

State lawmakers suspended the exemption through 2013 to help balance the state budget, which faces a $1.1 billion shortfall next year.

House Bill 1005 will be heard Monday in the House Agriculture, Livestock & Natural Resources Committee.

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  • by Grumpy Location: Mesa County on Feb 4, 2011 at 05:46 AM
    Ok, Q&A time. Was it the farmers and ranchers that caused the financial problems the State is going through? Or was it the mis-management of Taxpayer money by 'elected' representatives and politically appointed bureaucrats using TAXPAYER DOLLARS to buy votes from various groups that caused the problems? In an effort to balance the Budget with the least pain to the TAXPAYERS THAT DID NOT CAUSE THE PROBLEMS, why cut State elected salaries to 50% and do the same for politically appointed bureaucrat positions? That way the TAXPAYERS would have the warm fuzzy feeling that the GUILTY are being held ACCOUNTABLE FOR THEIR CRIMES. From that point forward, all those salaries would be directly tied to the financial well-being of the State economy. Salaries would rise and fall dependent on the skills and abilities of the people running the system.
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