Mineral rights owners in southwestern Colorado have lost again in court in their fight against paying $500,000 in taxes on a natural gas pipeline operated by Kinder Morgan.
The owners, who formed a group called CO2 Committee, Inc., challenged increased taxes and lost their original lawsuit before the Colorado Supreme Court. The increase in taxes came after a southwest Colorado County raised its valuation by $57 million of the pipeline that carries carbon to Texas. Kinder Morgan appealed the $2 million tax hike and the Colorado Supreme Court upheld the retroactive valuation.
When Kinder Morgan passed along the increase to the landowners, it sparked yet another lawsuit reported Colorado Politics.
Click here for Colorado Politics
