HB15-1159

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HB15-1159 - Instream Flow Incentive Tax Credit

Postponed Indefinitely

For a complete list of sponsors, see the bill text at: All Text Versions

Concerning The Instream Flow Incentive Tax Credit For Water Rights Holders.

In 2009, the general assembly enacted the instream flow incentive tax credit for water rights holders for 6 years. When enacted, the tax credit included a trigger that made the credit unavailable if total general fund revenues for a particular fiscal year would not be sufficient to grow the total state general fund appropriations by 6% over the previous fiscal year's appropriations.

The bill extends the instream flow incentive tax credit for water rights holders for an additional 5 income tax years. The bill also makes a change to the requirements of the donation, specifying that the donation may either preserve or improve the environment, rather than requiring that the donation only preserve the environment as originally enacted.

Additionally, the bill removes the application of the trigger to the tax credit.

Senate Committees

Senate Finance
Latest update: April 14, 2015
04/14/2015 Senate Committee on Finance Postpone Indefinitely
04/09/2015 Introduced In Senate - Assigned to Finance
04/02/2015 House Third Reading Passed - No Amendments
04/01/2015 House Second Reading Passed with Amendments - Committee
03/30/2015 House Second Reading Laid Over Daily - No Amendments
03/27/2015 House Committee on Appropriations Refer Unamended to House Committee of the Whole
03/12/2015 House Committee on Finance Refer Amended to Appropriations
03/02/2015 House Committee on Agriculture, Livestock, & Natural Resources Refer Amended to Finance
01/29/2015 Introduced In House - Assigned to Agriculture, Livestock, & Natural Resources + Finance + Appropriations