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Lawmaker says Colorado will receive a windfall from Marshall Fire if use taxes aren't waived

By Jason Nguyen
Published in Financial Planning
March 21, 2023
1 min read
Lawmaker says Colorado will receive a windfall from Marshall Fire if use taxes aren't waived

As a writer for a news site, I stumbled upon an article that caught my attention. A lawmaker from Colorado has made a bold claim that the state will receive a massive financial windfall from the Marshall Fire, but only if use taxes aren’t waived.

According to the article, the Marshall Fire that broke out in Boulder County in December 2021 destroyed an estimated 1,000 homes and caused widespread damage. The cost of rebuilding those homes is expected to be in the billions of dollars. However, state representative Tom Sullivan has suggested that Colorado could see a significant tax gain from this tragedy.

Sullivan argues that if use taxes, which are normally waived in the case of disaster relief, are collected from the companies and contractors that provide the materials and labor for rebuilding efforts, the state could see a revenue boost of up to $1 billion. This money could then be put towards funding critical infrastructure projects, including transportation, education, and healthcare.

While some may see this as an opportunity to capitalize on a disaster, others argue that it’s important to waive these taxes to incentivize companies to provide aid and support for those who have lost everything in the fire. But regardless of which side of the debate you fall on, it’s clear that the Marshall Fire will have long-lasting impacts on the people of Colorado.

As someone who has experienced the devastating effects of natural disasters firsthand, I understand the importance of both supporting those affected and finding ways to fund critical infrastructure projects. This story highlights the complexities of disaster recovery and the difficult decisions that lawmakers and officials face in the aftermath. It’s a reminder that we all have a role to play in building resilient communities and supporting our neighbors in times of need.


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