Cost savings will be seen across Colorado as more money saving-measures kick in July 1
DENVER — Today, the Polis Administration announced that a series of new laws signed by Gov. Polis to save people money take effect tomorrow, July 1. Continuing to bring real savings to Coloradans, Gov. Polis announced over 100 ways the Polis Administration is saving people money, and many of these measures will bring real relief to Coloradans starting tomorrow.
“As an entrepreneur, I know every dollar counts when starting a business, and I’m thrilled that it is now nearly free to start a business in Colorado. Coloradans are going to see lower costs to renew their driver's license, and we are cutting licensing fees for Colorado’s health care workers including our nurses and mental health professionals,” said Gov. Polis. “We’re saving people money, cutting costs and making sure there’s more money going back into the pockets of hardworking Coloradans.”
Starting July 1, healthcare professionals including nurses and mental health professionals, will be able to keep more of their hard earned money with lower professional licensing costs. Business owners in the hospitality industry, including restaurants, caterers, food service contractors, and hotel bars and restaurants, will be able to hold on to more sales tax collections, with savings up to $2,000 per business. The Polis Administration, in partnership with the legislature, has made it nearly free to start a business in Colorado ensuring that Colorado’s innovators and entrepreneurs will be able to save more money to help get their businesses off the ground. Fee relief on drivers’ licenses and at the gas pump will help save Coloradans money on transportation.
In addition to saving families $4,300 with universal preschool, more Colorado families will now have access to high-quality child care, with expanded capacity in child care programs and workforce development training for early childhood professionals.
These money-saving measures take effect as the Polis Administration continues to cut costs and save people money, including sending $750 tax rebates to individuals and $1,500 to joint taxpayers this summer, providing real relief on property taxes, ending the sales tax on diapers and feminine hygiene products, and reducing the cost of a state parks pass to $29.