Treat Economic Development Income Tax Credits Differently
| Type | Bill |
|---|---|
| Session | 2020 Regular Session |
| Subjects |
Concerning the extension of a program that grants temporary authority to the Colorado economic development commission to allow certain businesses to treat specific existing income tax credits differently.
Bill Summary:
Current law allows the Colorado economic development commission to allow, subject to an annual maximum program amount, certain businesses that make a $100 million strategic capital investment in the state, 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 carry forwardable for a 5-year period or 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 this bill as introduced.)
Prime Sponsors
Representative
Tracy Kraft-Tharp
Representative
Daneya Esgar
Senator
Leroy Garcia
Senator
Jack Tate
Committees
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 02/13/2020 | Introduced |
| Activity | Vote | Documents |
|---|---|---|
| Postpone House Bill 20-1298 indefinitely. | The motion passed on a vote of 11-0. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 20-1298 to the Committee on Finance. | The motion passed on a vote of 11-0. | Vote summary |
| Date | Location | Action |
|---|---|---|
| 05/28/2020 | House | House Committee on Finance Postpone Indefinitely |
| 03/11/2020 | House | House Committee on Business Affairs & Labor Refer Unamended to Finance |
| 02/13/2020 | House | Introduced In House - Assigned to Business Affairs & Labor + Finance + Appropriations |
Prime Sponsor
Sponsor
Co-Sponsor