Rep. Rice Successfully Fights For Change
Littleton lawmaker reflects on bills making the lives of Coloradans a little easier DENVER – As the dust settles on the 2008 legislative session, it's evident that Joe Rice, the first-term lawmaker representing Littleton and the south metro area, has hit his stride. This week, Governor Ritter signed into law two innovative pieces of legislation he co-authored and sponsored slashing red tape for businesses and schools.
House Bill 1225, which the Governor signed Tuesday at a bank in downtown Littleton, will exempt nearly 30,500 businesses from having to pay Colorado's Business Personal Property Tax. Currently, businesses must pay the tax if they have personal property such as computers and other equipment worth more than $2,500. HB 1225 raises the exemption threshold to $7,000 over five years, sparing business owners the expense of preparing and paying the burdensome business personal property tax. In turn, entrepreneurs will have more time and money to put back into growing their businesses.
"The business personal property tax exemption will make life easier for over 30,000 small businesses in our state," said Rep. Rice. "By easing this administrative tax burden, small businesses can get back to focusing on
business instead of bureaucracy. Everybody wins when we're able to protect and grow the small businesses of Colorado. This is truly one of the most significant pro-business bill in years."
The second, House Bill 1358, signed into law this morning at the capitol, creates a unique tax exemption for schools. The bill would make it easier for PTOs and PTAs to fundraise by exempting PTOs and PTAs at public schools from paying sales tax on fundraisers like bake sales and silent auctions. The proposal also would also require vendors to handle the paperwork and collection of sales tax on "prepackaged" activities that are not exempt, such as gift wrap and book sales. Currently, many vendors stick these responsibilities on parents to handle.
"This is one of my favorite pro-kid bills of the year. Now, the money parents' raise will go to their schools, and not to government coffers."
Both measures highlight Rep. Rice's overarching commitment to making the lives of Coloradans easier.
"Coloradans already have so much on their plates. The best thing we can do for them is remove barriers wherever and whenever we can. I'm proud of what we achieved this term – particularly for kids – and I look forward to
continuing my commitment to the people of Littleton and of Colorado."
-- Posted by staff
"Our agenda is ambitious: to build the best public schools in America, to become the renewable energy capital of the world, and to bring health care to all Coloradans. That's what the Colorado Promise is all about." —House Speaker Andrew Romanoff













