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News & Press: Colorado Technology Industry

Legislative Update - April 5, 2011

Tuesday, April 05, 2011   (0 Comments)
Posted by: Catharine Lurie
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April 5, 2011 - Legislative Update
For the past several months, Colorado Technology Association’s staff, government relations team, and volunteers have been holding dozens of one-on-one meetings between state legislators and technology executives, reaching out to legislators, and otherwise sharing their perspectives about why last year’s new taxes on software (HB1192) was so detrimental to the state and our important technology community.

Today we share the great news that repealing HB1192 is now included in the joint budget talks, thanks to the important emails and telephone calls you all have made, and, thanks to the leadership of the Speaker of the House, Frank McNulty,  (R-Highlands Ranch), House Majority Leader Amy Stephens (R-El Paso County), Representative Carole Murray (R-Castle Rock), and other legislators who believe in the importance of the technology industry and its significance to the state of Colorado.

There’s still a great deal of work to be done, but thank you to those of you who have reached out – and please join us going forward – to share your perspectives about why last year’s law created confusion, tarnished Colorado’s reputation as tech-friendly, and caused important employers in Colorado to re-think adding employees in Colorado.  

Our next step in representing the Colorado technology industry is to have a bill formally introduced to repeal HB1192.  The expected bipartisan support from legislators will reflect the importance of job growth in Colorado.  HB1192 – the bill to increase new sales and use tax on software -- was the only new tax law passed last year that has impacted all industries, and is the only law passed that creates a penalty for companies who add employees who use software in the state.  Colorado needs to be known for innovation, not an example for taxation.  

We’ll keep you posted when the bill is formally introduced and how you can help; but, in the meantime you can help us build the momentum in support by thanking Speaker of the House McNulty, House Majority Leader Stephens, House Caucus Leader Murray, and by contacting your representatives.  Click here to find your representatives by your zip code and send them an email.  We’ve provided a general message about the impact of HB1192, but if you choose, you can share your specific examples of stories.  Or, if you want to know more, please contact Su Hawk at Colorado Technology Association, 303.592.4068 or shawk@coloradotechnology.org for more information, clarification, or additional details.

Also, please read and comment on the Denver Business article "Confusion swirls around business-software tax.” It’s important that not only our legislators hear from our important industry, but the media as well.  Comment on the article and tell them how this law has created confusion for you and your company or other affects this law has had on your business.  

Learn more about how HB1192 affects you and why this law needs to be repealed to keep our technology industry thriving >>  
 

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