Colorado Senate Bill SB272

Colorado 2025 Regular Session

• Introduced: 4/1/25
• Refer: 4/1/25
• Report Pass: 4/14/25
• Refer: 4/14/25

Caption

Regional Transportation Authority Sales & Use Tax Exemption

Impact

If enacted, SB272 would amend the Colorado Revised Statutes to include specific provisions that exempt the purchase of construction materials from sales and use taxes, promoting a supportive environment for regional transportation authorities. The exemption is intended to stimulate local economies by enabling contractors to allocate resources more effectively without the additional tax burden. This could also lead to enhanced job creation as transportation authorities expand their capabilities through improved infrastructures.

Summary

Senate Bill 272 introduces a sales and use tax exemption for construction materials used in buildings for regional transportation authority employees and contractors in Colorado. This legislation aims to alleviate the financial burden on contractors and subcontractors who purchase materials essential for the construction, alteration, or repair of structures that house employees involved in public transportation. This exemption encourages the development of facilities that support regional transportation infrastructure and resources.

Contention

Notably, there are varying perspectives on this bill among lawmakers and stakeholders. Proponents argue that the tax exemption will facilitate more efficient project completion and improve housing for transportation authority employees, thus enhancing service delivery. Conversely, critics may raise concerns regarding the potential loss of tax revenue for local governments and whether such exemptions are the most effective means of supporting infrastructure initiatives. The discussions surrounding this bill will center on balancing fiscal responsibility with the need for improved public services.