Saturday, January 25, 2020

Surprise $40K tax could force closure of Fort Collins candy store | FOX31 Denver

Image result for The Fort Collins Candy Store EmporiumSurprise $40K tax could force closure of Fort Collins candy store | FOX31 Denver
FORT COLLINS, Colo. -- A small-business owner in Fort Collins says he may be forced to close his candy shop because of a potential tax of $40,000.
The Fort Collins Candy Store Emporium is a walk through history. 
The location on Jefferson Street looks and feels like the 1940s.
Some of its candy brands date back to the 1800s.“I don’t really sell candy,” said store owner Tony Vallejos. “I sell memories.”
The candy is just part of Vallejos’ vision. Vintage toys -- including an original Mr. Potato Head -- have been a decorative force of success.
The toys are not for sale.
“It took me 20 years to gather up all these antiques,” Vallejos said.
...Vallejos says his antiques are worth a total of $400,000.
Under state law, the Larimer County Assessor must tax the assets at 10 percent per year— that’s $40,000..."
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