CO Lawmakers Considering Sales Tax Holiday

By: AP
By: AP
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DENVER (AP) -- Gimmick or godsend, a retail sales tax holiday for consumers is getting a serious look by Colorado lawmakers.

The state House is scheduled to debate a bill to waive state sales taxes on school supplies and low-cost computers for three days in August during prime back-to-school shopping time.

The Democratic proposal cleared a House committee Friday despite Republican complaints that tax holidays are gimmicks that don't help consumers or retailers. Some Republicans who questioned the idea then went on to vote for it because it is a tax break.

The proposal was amended so that the sales tax holiday would take effect only if personal income tax receipts rise. The tax question now awaits a vote by the full House.

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