Trending...
- NoviSign Sponsoring VARTECH 2025 - the B2B IT channel's #1 event - 109
- Athena Forge (ATFG) Introduces Advanced Token for Technology-Driven Financial Ecosystem - 108
- Green Office Partner Named #1 Best Place to Work in Chicago by Crain's for 2025 - 106
AURORA ~ AURORA - In a move to support Colorado's agricultural businesses and promote economic growth, Governor Polis signed HB24B-1003, also known as the Business Personal Property Tax Exemptions bill. The bill, sponsored by Representatives Matt Soper and Junie Joseph and Senators Kevin Priola and Mark Baisley, will provide tax relief for greenhouses and other agricultural businesses in the state.
During the signing ceremony at Gotham Greens, a fresh food company with two large greenhouses in Aurora and Windsor, Governor Polis expressed his pride in Colorado's role in providing food for both local communities and the world. He emphasized the importance of supporting the success of agricultural businesses and entrepreneurs.
More on Colorado Desk
The bill will make certain property tax exemptions permanent, including an exemption for equipment used in greenhouses to grow food. This will not only help save money for these businesses but also attract additional investment to the growing indoor agriculture sector. With its water and land efficiency, this sector has the potential to produce crops year-round.
The personal property tax relief provided by this bill is expected to have a positive impact on job creation and Colorado's economy as a whole. By cutting taxes for greenhouses and other agricultural businesses, more money will be kept in the pockets of hardworking Coloradans who contribute to the state's economy.
Governor Polis' signing of HB24B-1003 marks a significant step towards supporting Colorado's agricultural industry and promoting sustainable practices. With this new legislation in place, it is hoped that more businesses will be encouraged to invest in this key area, further strengthening Colorado's economy.
During the signing ceremony at Gotham Greens, a fresh food company with two large greenhouses in Aurora and Windsor, Governor Polis expressed his pride in Colorado's role in providing food for both local communities and the world. He emphasized the importance of supporting the success of agricultural businesses and entrepreneurs.
More on Colorado Desk
- Colorado Springs: Community Notification of a Sexually Violent Predator: Larry Kaualeni Abenes
- Colorado: Host Your Holiday Celebration at The Governor's Residence at Boettcher Mansion
- Denver LASIK & Vision Correction Leader 20/20 Institute Sets New Standard for Concierge-Level Eye Surgery in Colorado
- New Leadership and Renovations Usher in Next Chapter for Sunrise Manor
- Who Will Win the 2025 WNBA Finals? OddsTrader Shares Live Betting Odds and Projections
The bill will make certain property tax exemptions permanent, including an exemption for equipment used in greenhouses to grow food. This will not only help save money for these businesses but also attract additional investment to the growing indoor agriculture sector. With its water and land efficiency, this sector has the potential to produce crops year-round.
The personal property tax relief provided by this bill is expected to have a positive impact on job creation and Colorado's economy as a whole. By cutting taxes for greenhouses and other agricultural businesses, more money will be kept in the pockets of hardworking Coloradans who contribute to the state's economy.
Governor Polis' signing of HB24B-1003 marks a significant step towards supporting Colorado's agricultural industry and promoting sustainable practices. With this new legislation in place, it is hoped that more businesses will be encouraged to invest in this key area, further strengthening Colorado's economy.
0 Comments
Latest on Colorado Desk
- Strategic Partnerships with Defiant Space Corp and Emtel Energy USA Powerfully Enhance Solar Tech Leader with NASA Agreements: Ascent Solar $ASTI
- 120% Revenue Surge with Four Straight Profitable Quarters Signal a Breakout in the Multi-Billion Dollar Homebuilding Market: Innovative Designs $IVDN
- Leading Venture Capital Firms Recognize Wzzph Exchange's Technical Architecture and Security Framework as Industry Benchmark
- DivX Unveils Major DivX Software Update: Seamless Video Sharing and Customizable Playback Now Available
- Nespolo Mechanical Helps New Mexico Families Save Thousands on Heating Costs This Fall
- Leading Digital Finance Platform YNQTL Launches Revolutionary Web3 Digital Asset Trading Platform
- IDCXS Addresses Crypto Trading Pain Points with 2 Million TPS Processing and Multi-Layer Security Architecture
- Bridging Traditional Finance and Web3 Innovation: BLFCW Announces Strategic Vision for Regulated Web3 Economy
- NKSCX Responds to "Coordinated Smear Campaign" as Anonymous Critics Emerge Following Regulatory Milestones
- Broadway Gala Honored Also an Italian
- $ONI Listed on MEXC as ONINO Powers Europe's Tokenization Engine Into Public Platform Launch
- AZETHIO Crypto Exchange Whitepaper Reveals MPC-Secured Infrastructure Processing 1.2 Million Transactions Per Second
- CELOXFI Platform Demonstrates Advanced Security Architecture and Regulatory Framework
- Work 365 Launches PV 3.0: The Keystone Power App for Microsoft CSPs
- Local consultant shows small businesses how to turn red tape into real money
- Mayor Yemi Mobolade honors Connie Benavidez with Spirit of Colorado Springs Award
- Tour Napa Like a Local: Vines of Napa Valley Wine Passport AKA Vine Pass Unlocks Hidden Gems
- Dental Surgical Center Accepts Sedation Patients with Medicaid for MD, WV, PA and DC
- Backed by Local Launches FREE City Hubs to Empower Small Businesses in Colorado, Washington, & Oreg
- Colorado: Governor Polis Joins Governors' Call to Congress to Extend Health Care Tax Credits and Lower Costs for Families