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Avon Town, Colorado- Sales Tax Credit

Issue: Renewable Energy Sales Tax Credit

Affects:  Those who sell and manufacturer renewable energy pool/spa components such as solar pool heating

Send comments to:  Jennifer Hatfield, jhatfield@apsp.org

Summary:  This ordinance proposes a temporary tax credit for those who sell renewable energy products.  Important to APSP members who manufacturer solar pool heating systems and other renewable energy sources associated with pools and spas, is the extension date of the tax credit from 2018 to 2021.   

3.08.037 Temporary Tax Credit for Renewable Energy Production Components: Notwithstanding any other provision of this Chapter, there shall be granted a temporary sales tax credit to each person owing tax on the sale of components used in the production of electricity, generation of heat or cooling of air, from a renewable energy source, including but not limited to wind, solar, solar thermal systems, and geothermal energy systems, provided that this tax credit shall commence on the effective date of this ordinance and shall continue until December 31, 2018 2021, whereupon this temporary tax credit shall automatically expire unless extended by adoption of an ordinance. Neither the ability of the Town to grant the temporary tax credit nor the termination of the credit shall constitute a tax increase, the imposition of a new tax or a tax policy change. 

Status:  The Town of Avon will hold a meeting August 14, 2018 at 5:00PM. 

Agenda: (Item 5.5) (Ordinance page 226): https://www.avon.org/ArchiveCenter/ViewFile/Item/2625