A sales-tax break that was suspended earlier this year–prompting some Coloradans to cross state lines to buy farming and ranching products–will be given a second look by lawmakers when they convene in January.The sales-tax exemption on agricultural compounds, pesticides and bull semen was scotched by lawmakers last spring at the prompting of Gov. Bill Ritter as part of a package of bills nixing tax breaks on a range of business activities. The legislation was intended to help bridge budget gaps amid slumping state revenue, but it was dubbed “the Dirty Dozen” by an angry business community and dissenting GOP lawmakers.
The ag sales-tax exemption had buoyed an array of products used by farmers and ranchers across Colorado, and its removal under House Bill 10-1195, was vigorously opposed by the agricultural community as well as most GOP lawmakers before it was passed by majority Democrats and signed into law by the governor.
Sterling farmer and GOP state Rep. Jerry Sonnenberg said today he will be sponsoring legislation to repeal HB 1195 as a matter of first priority. – More -
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