With the start of the 2025 legislative session, the Colorado Chamber’s Tax Council had their first meeting to take positions on several bills. Dylan Peper, legislative liaison for Colorado Counties Inc., joined the group to discuss proposed legislation that would allow counties to seek voter approval for a lodging tax of up to 6%, as well as changes to counties’ ability to impose excise tax and sales and use tax. Peper provided an opportunity for the council to give feedback and ask questions.
The Colorado Chamber took positions on the following bills:
SB 018: Support
The bill requires the Department of Revenue to make sales tax licenses and use tax exemption certificates searchable by name and federal identification number.
SB 026: Amend
The bill modifies various tax expenditures, including ending the income tax credit for unsalable alcohol after 2025, reducing the fuel transit loss deduction from 2% to 1%, and extending tax credits for energy storage systems and lawn equipment purchases. The Colorado Chamber would like the bill amended to include an increase in the refundable Business Personal Property Tax credit for small businesses.
SB 046: Amend
The bill establishes confidentiality standards to protect taxpayer information used in sales and use tax investigations conducted by third parties behalf of local taxing jurisdictions. The Chamber took an amend position due to concerns about the effectiveness of the bill’s enforcement measures.