AURORA – Today, Governor Polis signed HB24B-1003, Business Personal Property Tax Exemptions, sponsored by Representatives Matt Soper and Junie Joseph and Senators Kevin Priola and Mark Baisley. The bill will help Colorado greenhouses and other agricultural businesses save more, and make certain property tax exemptions permanent, including an exemption for equipment used in greenhouses to grow food.
“Colorado is proud to put food on tables across the state and around the world, and the success of our agricultural businesses and entrepreneurs is a key part of that. Today we are breaking down barriers and cutting taxes for Colorado greenhouses, helping to keep more money in the pockets of the hardworking Coloradans who help strengthen our economy. The growing indoor agriculture sector is water and land efficient and can produce crops year round, this tax cut will help attract additional investment to this key area and support our growing businesses,” said Governor Polis.
Governor Polis signed HB24B-1003 at Gotham Greens, a nation-wide fresh food company that works to provide fresh and sustainably sourced produce. Gotham Greens operates two large greenhouses in Aurora and Windsor. Personal property tax relief will help agricultural businesses save money on essential equipment, and support more jobs and Colorado’s economy.