summary
Introduced
01/10/2024
01/10/2024
In Committee
05/04/2024
05/04/2024
Crossed Over
05/10/2024
05/10/2024
Passed
05/10/2024
05/10/2024
Dead
Signed/Enacted/Adopted
05/29/2024
05/29/2024
Introduced Session
2024 Regular Session
Bill Summary
CONCERNING REAUTHORIZATION OF THE RURAL JUMP-START ZONE PROGRAM, AND, IN CONNECTION THEREWITH, MAKING AN APPROPRIATION.
AI Summary
This bill reauthorizes the Rural Jump-Start Zone Program, which provides tax credits to new businesses and new hires in designated rural areas of Colorado. The key provisions of the bill include:
1. Extending the program's sunset date from July 1, 2024 to July 1, 2025.
2. Increasing the maximum amount the Colorado Office of Economic Development can use to administer the program from $100,000 to $300,000 per fiscal year.
3. Reducing the minimum number of new hires required for a new business to qualify for the program from five to three in counties with a population of less than 100,000.
4. Extending the eligibility period for the new business and new hire tax credits from January 1, 2026 to January 1, 2031.
5. Appropriating $873,304 from the Rural Jump-Start Zone Grant Fund to the Office of the Governor for use by economic development programs, including the Rural Jump-Start program.
The bill aims to continue supporting economic development and job creation in rural Colorado by extending and modifying the Rural Jump-Start Zone Program.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (44)
Meghan Lukens (D)*,
Barbara McLachlan (D)*,
Dylan Roberts (D)*,
Cleave Simpson (R)*,
Matt Soper (R)*,
Rick Taggart (R)*,
Judy Amabile (D),
Shannon Bird (D),
Andrew Boesenecker (D),
Jeff Bridges (D),
Kyle Brown (D),
Janet Buckner (D),
Marc Catlin (R),
Lisa Cutter (D),
Monica Duran (D),
Meg Froelich (D),
Joann Ginal (D),
Julie Gonzales (D),
Eliza Hamrick (D),
Chris Kennedy (D),
Sheila Lieder (D),
Mandy Lindsay (D),
William Lindstedt (D),
Larry Liston (R),
Matt Martinez (D),
Tisha Mauro (D),
Julie McCluskie (D),
Karen McCormick (D),
Dafna Michaelson Jenet (D),
Kyle Mullica (D),
David Ortiz (D),
Rod Pelton (R),
Kevin Priola (D),
Rose Pugliese (R),
Marc Snyder (D),
Tammy Story (D),
Brianna Titone (D),
Elizabeth Velasco (D),
Michael Weissman (D),
Perry Will (R),
Faith Winter (D),
Steven Woodrow (D),
Mary Young (D),
Rachel Zenzinger (D),
Last Action
Governor Signed (on 05/29/2024)
Official Document
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