Glenwood eyes tax incentives to boost local construction work |

Glenwood eyes tax incentives to boost local construction work

John Gardner
Glenwood Springs correspondent
Aspen, CO Colorado

GLENWOOD SPRINGS ” The City Council and staff are trying to develop a sales tax rebate incentive designed to spark work for the hurting construction industry around Glenwood Springs and Garfield County.

A discussion at the council’s regular meeting on April 16 regarding the proposed incentive program illustrated just how dire the situation is for the local building industry.

“I think that many are aware that the building industry in the Roaring Fork Valley and in Garfield County has been impacted by the downturn,” said Glenwood Springs City Manager Jeff Hecksel. “This is an attempt to help those people who do not have work, or have very little, to get more work.”

The program would allow qualified businesses to apply for either a “tier one” or “tier two” city sales tax rebate for up to five consecutive years.

Rebates could be applied toward such city-imposed fees, costs and taxes as water and sewer system improvement fees, fire and emergency service impact fees, or costs incurred for extension of the city’s electric lines. Building fees and city required public improvements would only be available for tier two applicants.

The tier one rebates would not exceed 20 percent of the company’s annual city sales tax remittance in any one year, while the tier two rebate would not be allowed to exceed 80 percent.

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