HB 1005, a $34M tax break for Sunset Film Festival, advances despite Rep. DeGraaf’s concern it is ‘disincentive’ to existing taxpayers
'This is not my hometown. I'm seeing my constituents' money going to a tax incentive that benefits your hometown, while Boulder is taxing itself out of viability.' — Rep. Ken DeGraaf
By BRIAN PORTER | Rocky Mountain Voice
The appropriateness of a tax-credit incentive offered by the state, benefiting a single community and in recruitment of an external entity while ignoring struggling tax-paying entities in that community and other areas of the state, was the discussion of a Colorado House committee Thursday.
House Bill 25-1005, by Democrat Reps. Brianna Titone and Julie McCluskie and sponsored by Democrat Sen. Judy Amabile and Republican Sen. Mark Baisley, incentivizing the Sundance Film Festival to relocate to Boulder, was advanced on a 7-6 largely party-line vote, with all commi...
