Colorado lawmakers, as part of tax cuts designed to return a surplus to the taxpayers, have passed a bill that would nearly eliminate the sales tax on large trucks and parts.
State law requires lawmakers to return an expected $900 million surplus to taxpayers.
The amendment to the house sales tax bill drew criticism from Senate Democrats, who opposed what they called another special-interest tax break.
The amendment reduces the sales tax on trucks over 26,000 pounds from 3% to .01%. The trucking sales tax cut is temporary, unlike a permanent sales tax and income tax cuts in the legislation.
State law requires lawmakers to return an expected $900 million surplus to taxpayers.
The amendment to the house sales tax bill drew criticism from Senate Democrats, who opposed what they called another special-interest tax break.
The amendment reduces the sales tax on trucks over 26,000 pounds from 3% to .01%. The trucking sales tax cut is temporary, unlike a permanent sales tax and income tax cuts in the legislation.
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