Skip to main content
Colorado General AssemblyToggle Main Menu
Agency NameToggle Agency Menu

Advanced Industry Investment Tax Credit

Concerning the expansion of the advanced industry investment tax credit, and, in connection therewith, making an appropriation.
2022 Regular Session
Fiscal Policy & Taxes
Bill Summary

The act extends the advanced industry investment tax credit (credit) for an additional 4 years, increases the aggregate annual maximum amount of credits that may be allowed from $750,000 to $4 million, increases the credit from 30% to 35% of the amount of a qualified investment in rural or economically distressed areas, and increases the total amount of the credit for each qualified investment from $50,000 to $100,000.

Current law requires that individuals who are co-owners of a business claim only their pro rata share of the credit. The act allows the credit to be allocated among partners, shareholders, members, or other constituent qualified investors in any manner agreed to by such partners, shareholders, members, or other constituent qualified investors.

The act appropriates $90,000 to the office of the governor for use by economic development programs for advanced industries.

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


Became Law


Bill Text

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