Colorado Businesses on Verge of Losing Significant Tax Breaks

Colorado Lawmakers are considering a series of bills that could bring significant changes to the state’s tax code and increase the tax burden on the business community by more than $500 million per year. Host Ed Sealover sits down with policy and tax experts to break down a package of four bills proposing numerous changes, including decoupling Colorado’s tax code from certain federal provisions, eliminating deductions commonly used for research and development and allowing downloadable software to be taxed as tangible property.Caroline Nutter, Policy Manager at the Colorado Fiscal Institute, outlines key provisions of the legislation and highlights the areas likely to affect the business community. Phil Horowitz, State and Local Tax Director at Baker Tilly, provides a business perspective on the issue and raises broader concerns about the policy implications of the bills. Tune in for a conversation on tax policy and what these proposals would mean for Colorado’s economic landscape.