Skip to main content
Colorado General AssemblyToggle Main Menu
Agency NameToggle Agency Menu
HB24-1157

Employee-Owned Business Office & Income Tax Credit

Concerning employee-owned businesses.
Session:
2024 Regular Session
Subjects:
Business & Economic Development
Fiscal Policy & Taxes
State Government
Bill Summary

The bill creates the employee ownership office, which was originally created administratively by the governor in 2020, as a statutory entity within the office of economic development and international trade (OEDIT). The bill also creates an income tax credit for specified costs incurred by new employee-owned businesses, to be administered by the employee ownership office.


(Note: This summary applies to this bill as introduced.)

Status

Introduced
Under Consideration

Menu

Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Rep. W. Lindstedt, Rep. S. Vigil
Sen. J. Bridges

Sponsor

Co-sponsor

Upcoming Schedule

Colorado legislature email addresses ending in @state.co.us are no longer active. Please replace @state.co.us with @coleg.gov for Colorado legislature email addresses. Details

The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details