Personal Property Tax Credits for New and Expanding Businesses

Jan 17th @ 7:11 am in News, Public Service by Scott Staley

The recently amended statute authorizing Colorado counties to negotiate personal property tax credits for new and expanding businesses limits the credits to businesses that were established or expanded in “the current property tax year”. The current property tax year is 2013. Montrose County is in the process of developing application forms for considering personal property tax credits for eligible businesses. Credits negotiated through future agreements cannot be applied retroactively to prior tax years including 2012.