HB17-1356

HB17-1356 - Treat Economic Development Income Tax Credits Differently

Passed/Signed into Law
Concerning the temporary authority of the Colorado economic development commission to allow certain businesses to treat specific existing income tax credits differently.

The bill allows the Colorado economic development commission to allow certain businesses that make a strategic capital investment in the state, subject to a maximum amount, 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 carryforwardable for a five-year period or as 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 the reengrossed version of this bill as introduced in the second house.)

     

Latest update: May 24, 2017
05/24/2017 - Governor Signed
05/24/2017 - Sent to the Governor
05/23/2017 - Signed by the President of the Senate
05/22/2017 - Signed by the Speaker of the House
05/10/2017 - Senate Third Reading Passed - No Amendments
05/09/2017 - Senate Second Reading Special Order - Passed - No Amendments
05/08/2017 - Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole
05/04/2017 - Senate Committee on Finance Refer Unamended to Appropriations
05/01/2017 - Introduced In Senate - Assigned to Finance + Appropriations
05/01/2017 - House Third Reading Passed - No Amendments
04/28/2017 - House Second Reading Special Order - Passed with Amendments - Committee, Floor
04/28/2017 - House Committee on Appropriations Refer Amended to House Committee of the Whole
04/26/2017 - House Committee on Finance Refer Amended to Appropriations
04/24/2017 - Introduced In House - Assigned to Finance