House of representatives unanimously passes the Save Colorado Jobs Act | Politics

On Wednesday, the House of Representatives passed the Save Colorado Jobs Act, sponsored by state Rep. Chris Holbert. The measure offers Colorado business owners relief from the burden of the business personal property tax.

House Bill 1029 would allow local governments, including counties, to exempt up to 100 percent of locally assessed business personal property taxes.

“The Save Colorado Jobs Act encourages businesses to grow,” said Holbert, R-Parker. “It respects the authority of local governments and works to keep jobs in Colorado while accelerating our economic recovery.”

Relocation consultants report that Colorado’s business personal property tax factors into many job creators’ decision to leave the state. Holbert’s measure is written to prevent this drain on Colorado’s economic recovery.

“Communities and local governments play a vital role in our state’s economic recovery,” said Kevin Hougen, of the Aurora Chamber of Commerce. “Rep. Holbert’s bill gives local entities and job creators the flexibility and resources necessary to ensure Colorado’s small businesses remain a powerful force for job creation and retention.”

The Save Colorado Jobs Act passed the House unanimously and now moves to the Senate for further consideration

Press Release