The Mesa County Commissioners instituted a program almost two years ago to help encourage existing businesses to expand and re-invest in Mesa County. While it has only recently begun to be utilized it has the potential to assist in growing businesses and jobs throughout the county.

The program consists of a rebate on business personal property taxes paid to Mesa County for adding equipment and other business resources subject to this tax. It is important to note that this is only for business personal property tax payable to Mesa County. Other taxing entities would still be owed this tax. And, you will need to pay the tax then be issued a rebate check by the County Treasurer.

The amount of the rebate is subject to negotiations but it may be possible to get a rebate up to 100% of the county tax for up to ten years. By way of example, if the new investment is $1 million, a company could expect annual payouts that would vary due to depreciation schedules and tax rates but over the course of ten years it could be as much as $18,000.

In order to qualify, a company must be adding new (not replacement) equipment and other items defined as subject to business personal property tax (BPPT) in excess of $1 million and must also be adding employees to the company’s payroll. Companies that may qualify are urged to contact Diane at the Chamber office for more information.

Companies that do apply are asked to sign a letter stating the nature of the expansion and will be required to submit a complete list of equipment purchased, the purchase price and when/where it was put into service. Additionally, companies will need to verify how many full time equivalent jobs were created. Ultimately an agreement will be executed between the County and the successful applicant for the tax rebate.

 

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