Colorado

Feb 1, 2011 8:03 AM by Bea Karnes

Colorado farmers get boost in legislature

DENVER (AP)-Farmers and ranchers could be seeing a tax break on insecticides and other farm products.

The House Agriculture Committee on Monday approved a bill to waive sales taxes on some agricultural products. The exemption would cost the state $1.3 million this fiscal year ending in June and $3.7 million next year.

State lawmakers suspended the exemption through 2013 to help balance the state budget, which faces a $1.1 billion shortfall next year.

The bill (House Bill 1005) next goes to the full House for consideration.

 

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