Last night in his State of the Union speech, President Obama called for an end to oil subsidies, urging lawmakers to instead pass tax credits to benefit the renewable energy industry. He said that green energy is clean, reduces dependence on foreign oil, and stimulates jobs and manufacturing at home.... more »
DENVER (AP) - A report by The Denver Post shows that tax credits created more than 20 years ago to spark economic development in the poorest areas of Colorado are now available in more than 70 percent of the state.
The newspaper reports that the Enterprise Zone Program benefits... more »
After a tense battle over how to handle our federal deficit earlier in the summer, to a flat jobs report just released days ago; politicians are heading back to Washington D.C. this week with a focus on the economy.
Colorado Senator Mark Udall spent some of his break from... more »
Sales of new homes posted another large gain in April as buyers rushed to sign contracts before government tax credits expired.
The Commerce Department says sales of new single-family homes jumped 14.8 percent to a seasonally adjusted annual rate of 504,000 units. The April gain followed a 29.8 percent... more »
Home prices fell in March from the previous month, signaling that temporary tax credits for buyers weren't enough to buoy the housing market.
The Standard & Poor's/Case-Shiller 20-city home price index released Tuesday posted a 0.5 percent drop from February. Prices in 13 of the 20 cities tracked by... more »
The Internal Revenue Service is releasing new guidelines small companies can use to apply for tax credits to spur medical research.
The credit - for up to $5 million per company - will cover up to 50 percent of the cost of qualifying biomedical research. The credit is only... more »
The tax hikes lawmakers are rushing to pass to balance the budget would undo about 6 percent of the $2.2 billion in tax credits and exemptions on Colorado's books.
They would affect a range of industries, from manufacturing to information technology to agriculture, as well as consumers. Buyers of... more »
Gov. Bill Ritter is opposing any legislation to grant amnesty to hundreds of Coloradans whose tax credits for conservation easements are being challenged by federal and state authorities. Ritter's chief counsel, Trey Rogers, says the disputed credits total $100 million - money the state needs with a $1.5 billion budget... more »
A Germany-based solar company plans to open its first North American manufacturing site in Denver. Gov. Bill Ritter and Denver Mayor John Hickenlooper joined officials from SMA Solar Technology for the announcement Monday. The company plans to start production next year with 300 employees and a capacity to expand the... more »