BCC Approves Tax Incentive for SourceGas
The Board of County Commissioners approved a personal property tax refund incentive for SourceGas, which is a natural gas local distribution utility currently headquartered in Lakewood.
Per current state statute, SourceGas is eligible to receive a 50 percent rebate for the first five years of operation provided that the company meets certain performance guarantees, including the expansion of its business on or before March 2012. In addition, it must also hire a certain number of additional employees and invest the amounts for personal property, capital, equipment and real property as all set forth in its incentive questionnaire.
This rebate only applies to the county's taxable share and does not include any other taxing entities, such as the school district.
According to a recent announcement from SourceGas it is planning on relocating its corporate headquarters in 2012 to a facility, located at 600 12th Street in Clear Creek Square, in Golden. The company is moving since it has outgrown its current location in Lakewood.
SourceGas expects to have approximately 200 employees working in its new corporate headquarters, which will provide the opportunity to house all of its employees in one location.
SourceGas and its affiliates serve nearly 410,000 customers and operate 17,940 miles of distribution, gathering and transmission pipeline, as well as storage facilities, in Arkansas, Colorado, Nebraska, and Wyoming. SourceGas and its affiliates also provide gas transportation, in-home HVAC and appliance service and sales, as well as gas commodity sales services to its natural gas customers.