In another election year ploy, Jared Polis is temporarily lowering the fee to start a new business to $1, until after the November election. Suddenly, Polis wants us to believe he has Colorado’s small businesses at heart. Business owners don’t forget March 16th, 2020 when Polis ordered restaurants to close their doors the next day (#98 on the Polis Tax). Despite what he says, Polis shut businesses down, and many of them could not recover. According to the Colorado Restaurant Association (CRA) more Colorado restaurants will close this year than did in 2021 because of inflation, supply issues, rising operational costs, labor shortages and lingering effects from the pandemic.
And remember, nothing the government gives you is free. It will cost the state roughly $8.4 million dollars for this fee break, which lasts from July 1, 2022 through June 30, 2023.