Tax recit eyed for exceptional record on environment

Colorado companies that go the extra mile in complying with environmental regulations would be rewarded under House Bill 1254, sponsored by Rep. Tony Grampsas, R-Evergreen, and Sen. Tom Norton, R-Greeley.

The bill would create a revolving fund and tax credits for pollution prevention, toxic-use reduction, source reduction, resource recovery, energy efficiency and innovative environmental technology activities for environmental leaders.

The Colorado Department of Public Health and Environment would administer the revolving fund and tax credits. The tax credit would amount to 30 percent of the difference between the total net expenditure of those participating in the program and the net expenditures required…