Colorado tax on energy purchases ending

DENVER?Colorado business leaders are cheering as a temporary 2.9 percent state sales-and-use tax on the industrial purchase of energy comes to an end.

A measure passed by lawmakers in 2010 temporarily eliminated the sales-and-use tax exclusion for energy. Businesses say the tax cost them about $26 million.

The Colorado Association of Commerce and Industry that lobbies for businesses says the tax hurt businesses across the state that need energy to manufacture their products.

Source: http://www.denverpost.com/breakingnews/ci_20971939/colorado-tax-energy-purchases-ending?source=rss

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