Colorado Governor Jared Polis has signed the final bill from a recent special session, which focused on property taxes. The bill, HB24B-1003, deals with greenhouses and agricultural equipment, aiming to permanently exempt them from business personal property taxes. Some lawmakers questioned whether this issue truly fell under property taxes, which apply to homeowners and commercial building owners. However, the bill passed with strong bipartisan support in both the Senate and House.
The exemption for agricultural equipment was set to expire in 2027 but will now be made permanent. Additionally, the same exemption will apply to greenhouses that produce crops in a “raw and unprocessed state.” Lawmakers briefly debated the bill’s relevance to the special session, but ultimately it was approved.
In a statement, Governor Polis emphasized the importance of supporting Colorado’s agricultural businesses and entrepreneurs. He highlighted the role these industries play in providing food locally and globally, and expressed his commitment to reducing taxes for greenhouse operations. The bill signing took place at Gotham Greens, a nationwide fresh food greenhouse known for its sustainable produce.
Overall, the passage of this bill represents a step towards supporting Colorado’s agricultural sector and reducing financial burdens on greenhouse operators. The governor’s signature signals a commitment to promoting economic growth and innovation within the state’s agriculture industry.
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