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Tourism, wind energy bills sent to Senate

Two bills key to Colorado's economic development continued to move through the House of Representatives on March 15, according to the Legislature.

HB 1201, which would boost funding for state tourism marketing to $21 million from $5 million, passed its second House reading Wednesday. It must pass a third reading before it can progress to the Senate.

The bill -- sponsored by Reps. Tom Plant, D-Nederland, and Al White, R-Winter Park -- earmarks another $2 million for the Colorado Council on the Arts.

"Tourism is a major economic driver the state needs to support," Plant said in a statement. "We're lagging behind neighboring states in this department, and that needs to change."

This state ranks No. 23 in the nation for actual visits, according to the Colorado Tourism Office (CTO). It's 35th in terms of funds for tourism marketing.

Colorado tourism generates some $90 million a year in tax revenue for the state, according to the CTO.

HB 1275, which would equalize the tax system for wind-energy producers, passed its third House reading on Wednesday by a 56 to nine vote. The measure now heads to the Senate for consideration.

Rep. Wes McKinley, D-Walsh, sponsors the measure.

Via the measure, property tax administrators across the state would be required to use the income approach (actual production) to determine the value of... more [truncated due to possible copyright]  
HB 1201, which would boost funding for state tourism marketing to $21 million from $5 million, passed its second House reading Wednesday. It must pass a third reading before it can progress to the Senate.

The bill -- sponsored by Reps. Tom Plant, D-Nederland, and Al White, R-Winter Park -- earmarks another $2 million for the Colorado Council on the Arts.

"Tourism is a major economic driver the state needs to support," Plant said in a statement. "We're lagging behind neighboring states in this department, and that needs to change."

This state ranks No. 23 in the nation for actual visits, according to the Colorado Tourism Office (CTO). It's 35th in terms of funds for tourism marketing.

Colorado tourism generates some $90 million a year in tax revenue for the state, according to the CTO.

HB 1275, which would equalize the tax system for wind-energy producers, passed its third House reading on Wednesday by a 56 to nine vote. The measure now heads to the Senate for consideration.

Rep. Wes McKinley, D-Walsh, sponsors the measure.

Via the measure, property tax administrators across the state would be required to use the income approach (actual production) to determine the value of property used to generate wind energy. Instead of making large, upfront payments, which discourage wind-energy development, wind-energy producers could make tax payments over time.

Values of properties also would be assigned only when they produce energy.

"Wind energy is a fast-growing industry in Colorado, and we need to create opportunities so our producers ...can compete with other states," McKinley said in a statement. "This bill makes our tax system just and fair across the state for wind-energy producers and help them set up shop in our rural communities."

Most Colorado wind-energy producers are located in rural areas.


Source: http://denver.bizjournals.c...

MAR 15 2006
http://www.windaction.org/posts/1735-tourism-wind-energy-bills-sent-to-senate
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