MoMoCo Members

I have been trying to see if something more organized was going to happen, but it is apparent as of right now that social networking will have to be the way to stop this bill. If you are not aware of what is happening the state is trying to repeal an exemption for a tax on the sale of software (and yes the definition is broad enough to affect SaaS businesses as well), it is a very significant taxation on most of your businesses in a down economy. At the very least you should be informed on the situation. This bill is being fast tracked by Governor Ritter as of today into committee for a vote and if passed it will be implemented as of March 1^st. Colorado has a group called the Colorado Technology Association who is working on behalf of the Colorado businesses to stop this effort. Below is the link to their website so you can learn more about how to act.

While we are all in this economic downfall together and need to balance the budget at the state level, this tax will put Colorado at a disadvantage to other states in the technology sector. I am afraid in the end this could affect companies and entrepreneurs from starting companies and opening offices in the state.

Since this committee is now in session I think it would be best to use the social networking capabilities to make your voice heard. The link below gives you the information so you can take action with Facebook, Twitter, and other methods.

http://coloradotechnology.site-ym.com/?page=LegistlativeNews

Thanks!

Jason Stout