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Joey BunchJoey BunchDecember 13, 20173min674

Yeah, that’s good, but …

That was the reaction of the rarely satisfied Tony Gagliardi, Colorado state director for the National Federation of Independent Business, after his national organization released a report Tuesday heralding economic optimism of its members.

Just think of how happy they could be if the legislature would cut them some slack on sales and use taxes, he said.

“The numbers in this month’s Index of Small Business Optimism released today absolutely astound,” Gagliardi said in a statement. “The highest since 1983’s record and the second highest level in the Index’s 44-year history. One can only imagine how much faster this great economic news could accelerate here, if Colorado were to finally get a rein on its sales and use tax structure.”

The Colorado NFIB said the state has more than 700 taxing districts, “which has created a costly, confusing, needlessly time-consuming burden on small businesses, especially for the ones that don’t have the resources to pay someone solely to handle compliance.”

Last session the bipartisan House Bill 1216, created a legislative task force to work with the business community and tax experts to try to cut some of the red tape from tax collections.

The bill was sponsored by Reps. Lang Sias, R-Arvada, and Tracy Kraft-Tharp, D-Wheat Ridge, with Sens. Cheri Jahn, D-Wheat Ridge, and Tim Neville, R-Littleton.

“What we desperately need is a single application process for sales and use tax compliance in this state. Were that to happen,” Gagliardi said. “I have no doubt that today’s optimism could be sustained for a very long while.”

“The NFIB indicators clearly anticipate further upticks in economic growth for the fourth quarter,”Bill Dunkelberg, NFIB’s chief economist, stated. “This is a dramatically different picture than owners presented during the weak 2006-16 recovery.”

To read the full NFIB full monthly report, click here.


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Joey BunchJoey BunchOctober 7, 20172min843

Colorado House Speaker Crisanta Duran is putting on a town hall Tuesday night to chat with the experts and community members about the challenges of the state’s population growth.

The state Demographer’s Office said Colorado’s population was about 5 million in 2010 and could reach 8 million by 2040.

The town hall is from 7 to 8: 30 p.m. at the Girls Athletic Leadership School at 750 Galapago St. in Denver

Duran’s panel includes:

  • Will Toor, director of transportation programs for  the Southwest Energy Efficiency Project.
  • Laura Brudzynski from the Denver Office of Economic Development.
  • Rick Padilla, director of housing development for the city and county of Denver.
  • Carol Hedges, director of the Colorado Fiscal Institute.
  • Jerilynn Martinez, director of marketing and community relations for the Colorado Housing Finance Authority.
  • Jack Tone, a board member of the Lower Downtown Neighborhood Association.
  • Dre Chiriboga-Flor, transit organizer for 9to5.

“While growth has led to many benefits, such as low unemployment and good jobs for Coloradans, we need to take on the challenges that come with this growth,” Duran said. “Whether it is skyrocketing housing costs, dealing with the high cost of living or being stuck on the highway for hours during rush hour, we can and must to more to address these issues.”

Colorado is one of the fastest growing states in the country and already is far behind in funding roads and schools. Lawmakers such as Duran and state Reps. Brittany Pettersen, D-Lakewood, Tracy Kraft-Tharp, D-Arvada, and Jessie Danielson, D-Wheat Ridge, have taken a lead on programs that help people plan for retirement and assess pubic services.


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Dan NjegomirDan NjegomirMay 4, 20172min351

The House approved a bipartisan plan Wednesday to extend and expand incentives for investment in new tech ventures in Colorado. Startups that would benefit include bioscience, aerospace, advanced manufacturing, energy, electronics, engineering and information technology businesses.

Under House Bill 1090, the current tax credit of up to $50,000 for investing in a tech startup through the end of this year would be extended through 2022. And the current $750,000 cap for total tax credits granted in any year under the program would be doubled to $1.5 million.

The measure is sponsored in the House by state Reps. Tracy Kraft-Tharp, D-Arvada, and Jim Wilson, R-Salida.

Headache relief for Colorado small businesses …

A press statement by House Democrats says the tax credit already has created “nearly 700 good-paying jobs at Colorado high-tech startup companies since 2014.” The press release quotes Kraft-Tharp:

“Access to seed capital is one of the key challenges facing early-stage companies. … This bill reduces risks to investors and draws additional investment dollars to Colorado’s emerging high-tech economy.”

The proposal passed the House 43-20, with eight Republicans in tow. The GOP is generally less keen on government-directed economic incentives like tax credits, but the Republican-leaning Colorado Association of Commerce and Industry endorsed the bill early on.

HB 1090 now heads to the Republican-run Senate.

 


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Dan NjegomirDan NjegomirApril 17, 20172min365
… and thanks go out to the House Democratic press shop for handing us that headline — via their press release this morning touting House Bill 1216. The bipartisan measure creates a “sales and use tax simplification task force” — essentially, an effort to simplify the complicated rates and rules of sales-tax collection for the state’s small businesses. […]

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