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State equipment tax credit could reimburse Huerfano County food retailers and family farms, presenter says
Summary
A representative for the San Luis Valley Local Foods Coalition told the Huerfano County Board of County Commissioners about a Colorado Department of Agriculture equipment tax credit that can reimburse eligible small food retailers and family farms for up to 75% of equipment costs; the program has $10 million per year and runs through 2030.
Aiba Williams, representing the San Luis Valley Local Foods Coalition and contracted through the Colorado Department of Agriculture, briefed the Huerfano County Board of County Commissioners about a state equipment tax credit that can reimburse eligible small food retailers and family farms for up to 75% of equipment costs.
Williams said the program targets businesses that serve low-income, low-access areas and carries $10,000,000 per year in available credits through 2030. She told the board that, in order to claim a credit for equipment purchased in 2025, the purchase and application both must occur in 2025.
Williams explained…
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