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News & Press: Colorado Technology Industry

Longmont Times-Call: Software tax repeal good for business

Tuesday, April 19, 2011   (0 Comments)
Posted by: Su Hawk
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Software tax repeal good for business
© 2011 Longmont Times-Call
April 19, 2011
If there’s a commodity essential to modern business — as essential as electricity or water perhaps — it is software. That’s why House Bill 1293, the repeal of last year’s sales tax on software, is important to pass.

The state House of Representatives already has moved the bill through its chamber. Now it’s up to the state Senate.

Essential to the ability of Colorado businesses to recover from the recession is the need to keep costs low and efficiency high. Using new versions of software is one way that businesses are able to be more productive.

If the cost of acquiring that software is higher here than in neighboring states, businesses may delay investments or, in the worst cases, fail to locate here or choose to relocate elsewhere.

Just as new businesses look at costs of electricity — and by the way Loveland, Longmont, Fort Collins and Estes Park have some of the best rates in the state — they also look at other costs of doing business and make decisions based on what they find.

Revenue follows investment, and the sooner businesses can reinvest, the sooner incomes will recover and government tax revenues will recover.

The state Senate should pass HB 1293 when it comes before senators in the waning days of the 2011 legislative session.

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