SB23-066

Advanced Industry Acceleration Programs

Concerning changes to the advanced industry acceleration programs.

Session:

2023 Regular Session

Subject:

Business & Economic Development

Bill Summary

The act extends the advanced industry export acceleration program, which was scheduled to end on January 1, 2025, and the advanced industries acceleration grant program, which was scheduled to end on July 1, 2024, by 10 years. Through March 1, 2023, the state treasurer annually credited to the advanced industries acceleration cash fund an amount equal to one-half of the bioscience and clean technology income tax withholding growth. The act extends this funding mechanism by 2 years.

Additionally, the advanced industry export acceleration program allows a qualifying business that meets certain eligibility criteria to receive an international export development expense reimbursement. The act removes the eligibility criterion that requires a qualifying business to show a profit during the last fiscal year.

APPROVED by Governor May 17, 2023

EFFECTIVE August 7, 2023

NOTE: This act was passed without a safety clause and takes effect 90 days after sine die.
(Note: This summary applies to this bill as enacted.)

Date	Bill Type	Documents
05/17/2023	Signed Act	PDF
05/15/2023	Final Act	PDF
05/06/2023	Rerevised	PDF
05/03/2023	Revised	PDF
04/17/2023	Reengrossed	PDF
04/14/2023	Engrossed	PDF
01/23/2023	Introduced	PDF

Date	Version	Documents
07/18/2023	FN4	PDF
04/18/2023	FN3	PDF
03/08/2023	FN2	PDF
01/26/2023	FN1	PDF

Date	Version	Documents
04/27/2023	SA3	PDF
04/13/2023	SA2	PDF
04/10/2023	SA1	PDF

Activity	Vote	Documents
Adopt amendment L.003	The motion passed without objection.	Vote Summary
Refer Senate Bill 23-066, as amended, to the Committee of the Whole and with a recommendation that it be placed on the consent calendar.	The motion passed on a vote of 7-0.	Vote Summary

Date	Location	Action
05/17/2023	Governor	Governor Signed
05/15/2023	Governor	Sent to the Governor
05/15/2023	House	Signed by the Speaker of the House
05/10/2023	Senate	Signed by the President of the Senate
05/06/2023	House	House Third Reading Passed - No Amendments
05/04/2023	House	House Third Reading Laid Over Daily - No Amendments
05/03/2023	House	House Second Reading Special Order - Passed - No Amendments
05/02/2023	House	House Second Reading Laid Over Daily - No Amendments
04/28/2023	House	House Committee on Appropriations Refer Unamended to House Committee of the Whole
04/24/2023	House	House Committee on Finance Refer Unamended to Appropriations
04/17/2023	House	Introduced In House - Assigned to Finance
04/17/2023	Senate	Senate Third Reading Passed - No Amendments
04/14/2023	Senate	Senate Second Reading Special Order - Passed with Amendments - Committee
04/14/2023	Senate	Senate Committee on Appropriations Refer Amended - Consent Calendar to Senate Committee of the Whole
02/21/2023	Senate	Senate Committee on Finance Refer Unamended to Appropriations
01/31/2023	Senate	Senate Committee on Business, Labor, & Technology Refer Unamended to Finance
01/23/2023	Senate	Introduced In Senate - Assigned to Business, Labor, & Technology

Advanced Industry Acceleration Programs

Status

Menu

Bill Text

All Versions (7 )

Preamended Versions (1 )

Budget Documents

Fiscal Notes (4)

Budget Staff Analysis (3)

Committee Actions

04/28/2023 | House Appropriations (1 )

04/24/2023 | House Finance (1 )

04/14/2023 | Senate Appropriations (2 )

04/11/2023 | Senate Appropriations (0 )

02/21/2023 | Senate Finance (1 )

01/31/2023 | Senate Business, Labor, & Technology (1 )

Votes

House Votes (1)

Senate Votes (1)

Amendments

Bill History

Sponsors

Session Laws

Colorado General Assembly

Sponsor Type	Legislators
Prime Sponsor	Sen. C. Hansen, Sen. C. Simpson Rep. S. Bird, Rep. M. Lynch
Sponsor
Co-sponsor	Sen. J. Bridges, Sen. T. Exum, Sen. J. Ginal, Sen. K. Priola, Sen. F. Winter, Sen. R. Zenzinger Rep. J. Amabile, Rep. R. Dickson, Rep. J. Joseph, Rep. S. Lieder, Rep. W. Lindstedt, Rep. J. McCluskie, Rep. B. McLachlan, Rep. M. Soper, Rep. B. Titone, Rep. A. Valdez, Rep. M. Young