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HB17-1356

Treat Economic Development Income Tax Credits Differently

Concerning the temporary authority of the Colorado economic development commission to allow certain businesses to treat specific existing income tax credits differently.
Session:
2017 Regular Session

The bill allows the Colorado economic development commission to allow certain businesses that make a strategic capital investment in the state, subject to a maximum amount, and subject to the requirements of the specified income tax credits, to treat any of the following income tax credits allowed to the business as either carryforwardable for a five-year period or as transferable:

  • Colorado job growth incentive tax credit;
  • Enterprise zone income tax credit for investment in certain property;
  • Income tax credit for new enterprise zone business employees; and
  • Enterprise zone income tax credit for expenditures for research and experimental activities.
    (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Status

Introduced
Passed

Bill Text