Ritter Files Petitions To End Oil & Gas Tax Break

By: Associated Press Email
By: Associated Press Email

Denver (AP) Saying “enough is enough,” Governor Bill Ritter and supporters have filed ballot initiative petitions asking voters to end a 30-year-old, 300-million-dollar annual tax break for oil and gas companies.

Ritter says the initiative to end the tax break will be one of the most pressing issues because it not only affects a major industry in Colorado, but also thousands of college students who could get financial aid.

An opposition group spokesman says consumers would be stuck with the tab if the initiative passes, because oil and gas companies would pass on the costs.

There could be a dozen or more questions facing voters on the November ballot if the signatures submitted are approved by the Secretary of State, along with other initiatives filed by Monday's deadline.

Other initiatives filed yesterday included a proposal prohibiting the state from granting preferential treatment to state employees or contractors on the basis of race, sex, color or
national origin, and another that would require employers to justify why workers are fired.

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