May 8, 2012

SandBoxBlogs: KREX News 5 "Hickenlooper Vetoes Bill to Provide Tax Incentives for Tourism"

Kristina Kuestner:
"DENVER- Gov. John Hickenlooper vetoed a bill Friday that would have impacted multiple cities throughout the state, including Montrose.

SB 124 would have expanded tax incentive programs for tourism projects across the state

Hickenlooper said that his decision was made because the bill would have replaced the 2009 Regional Tourism Act, which allows two large scale tourism projects a year for over three years.

The Colorado Regional Tourism Act would have allowed all six projects to be funded at once.

According to the Denver Post, Hickenlooper said allowing more than two projects to be considered per year could be risky and could increase the chances for mistakes....."
(Watch the news release?  Click title)

"Unapologetically pursuing and tracking patterns within the news others make since 2010."

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