Sponsors: Sen. Leroy Garcia (D-Pueblo), Rep. Tim Dore (R-Elizabeth)
Status: Introduced and assigned to the House Agriculture, Natural Resources and Energy and Finance committees on Jan. 28. The Agriculture, Natural Resources, and Energy Committee referred an unamended version favorably to the Finance Committee on Feb. 11. The Appropriations Committee killed the bill on April 10.
What the bill would have done: The bill would have created two tax incentives for agricultural tourism. One provides an income tax credit up to $500 for equipment. The second allows private marketing and advertising agencies to deduct up to $10,000 for services that they donate to small municipalities and rural counties in order to help promote local agritourism.
How it would have affected your refund: This bill would have reduced the average taxpayer refund by 16 cents for fiscal year 2015-16.
What's being said about this bill:
SB 127 is an important bill that compliments agriculture/tourism. Today we have the opportunity to help promote both industries by helping rural communities promote agritourism events, like local farmer’s markets, and by helping the individual farmers and ranchers by offsetting some of the costs generated from doing business. I believe this bill will help promote agritourism in Colorado, strengthen our economy, and support hard-working ranchers and farmers.
I’m excited to be working with so many throughout the state to protect and promote this uniquely rural industry.
Bill sponsor state Sen. Leroy Garcia on Feb. 27, writing for The Colorado Statesman.
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