Larimer County to provide incentives to Intel

FORT COLLINS – The Larimer County Commissioners agreed earlier today to work out a 10-year tax incentive program with Intel Corp.
The incentive package would relieve the company’s business personal property tax burden by up to 50 percent. The requested relief would apply to the $20 million in capital improvements the company expects to make as well as for taxes on existing equipment, now valued at $810,000.
According to estimates, the tax incentive would excuse the company from paying more than $83,000 during the 10-year period. The Northern Colorado Economic Development Corp. presented the commissioners with positive data.…