A Colorado House committee voted unanimously Monday to reinstate a tax exemption on agricultural products that was suspended last year as part of the budget-cutting process.
In doing so, the House Agriculture, Livestock and Natural Resources Committee made the first in-road to repealing the “Dirty Dozen” tax-exemption suspensions, worth $140 million, that left the business community up in arms in 2010. The fate of the measure remains unsure going forward, however.
House Bill 1005, sponsored by Rep. Jerry Sonnenberg, R-Sterling, would reinstate a tax break given on items that farmers and ranchers use in production of their crops or livestock. Those include materials from pesticides to veterinary medicines to bull semen.
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