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Senate Finance hears bill to tidy tax code: HB 25-12-96 updates, repeals and refocuses select tax expenditures
Summary
HB 25-12-96 makes broad technical updates to Colorado’s tax expenditures, narrows or repeals some incentives and conforms statutory language; sponsors say changes restore original intent and respond to oversight recommendations. Committee adopted a technical amendment and sent the bill to Appropriations.
Senate Finance advanced HB 25-12-96, a wide-ranging bill that updates Colorado’s tax-expenditure statutes, repeals unused or inefficient credits, and refocuses certain incentives to better align with their original policy intent.
Sponsor overview: Senator Chris Wiseman (bill sponsor) described the measure as a mix of technical corrections, sunset or repeal of tax expenditures identified as ineffective, and targeted changes to return several exemptions and credits to their original purposes. Wiseman said the bill reflects both…
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