COLORADO SPRINGS, CO — The Southern Colorado Women’s Chamber of Commerce (SCWCC) will host the Colorado Tax Impact Forum on April 16th from 5:00 PM to 7:00 PM. The public event aims to address a proposed four-bill tax package currently under consideration by the Colorado Legislature that could significantly shift the financial landscape for the regional business community.
To ensure broad participation, the forum is a hybrid event held both in person at the SCWCC Office Auditorium and online via Zoom.
The proposed legislation seeks to decouple Colorado tax law from federal law, requiring many commonly used business deductions—including operating losses, interest deductions, and R&D expenses—to be added back as taxable income at the state level.
“We want to bring urgent attention to this tax package because it could significantly impact businesses across the state,” said Lola Woloch, President & CEO of the SCWCC. “These bills would decouple Colorado tax law from federal law, requiring many commonly used deductions to be added back as taxable income at the state level. We believe these issues impact your business, and we encourage you to join us to understand these changes and share your perspective with your state legislators.”
Talking Points on Business Impacts:
- Increased Complexity: If enacted, these bills increase the complexity of tax filing for businesses and tax professionals, increasing filing costs and requiring additional expense tracking.
- Reduced Competitiveness: The business environment becomes less attractive to local and international businesses, making Colorado less competitive on the national stage.
- Retention Concerns: Higher tax burdens disincentivize businesses from staying in Colorado, particularly if other states offer a smaller tax burden.
- Software Complications: The legislation complicates the sale and use of software programs—the backbone of today’s business operations, large or small.
- Barriers to Entry: Higher startup and operating costs make opening a small business or attracting a major employer less attractive.
Event Details:
- Date: April 16th
- Time: 5:00 PM – 7:00 PM
- In-Person Location: SCWCC Office Auditorium, 1175 Kelly Johnson Blvd., Colorado Springs, CO 80920
- Online Access: Hosted via Zoom
- RSVP: Register at the SCWCC Events Page
The SCWCC Public Policy Committee has prepared a one-page overview outlining the key provisions and impacts, which will be available to all forum attendees to help them make informed decisions for their businesses.
About the SCWCC:
The Southern Colorado Women’s Chamber of Commerce provides a voice for the economic success of women and the business community at large through advocacy, education, and strategic networking.
#
Media Contact:
Lola Woloch
President & CEO
719.442.2007
www.scwcc.com
