Friday, April 15, 2011
House Bill 1146, which was approved by the Senate Agriculture and Natural Resources Committee, requires that up to two acres of ag property that a home sits on can be taxed at the higher residential rate—if the home’s not “integral” to agricultural production.
HB 1146 Senate sponsor Pat Steadman, D-Denver, says it’s about fairness and necessity.
“It’s about school finance and the budget,” said Steadman. “If we have residential property not paying their fair share, it has an impact on the funding of our schools. It’s about fairness.”
Voting against the measure in on the committee was Sen. Greg Brophy, R-Wray, who said there is an unanswered question about the proposed tax increase.
“It’s a tough call,’” said Brophy. “We should have equal taxation for equal property—however, it’s still an open question about whether or not this is just another tax increase that is subject to TABOR.”
Via - Colorado News Agency
Posted by Politics Colorado at 10:05 AM