Bill > HB1281

This bill, the "Colorado Regional Tourism Act," establishes a process for approving and financing regional tourism projects through state sales tax increment revenue. The key provisions of the bill are: 1. It allows the Colorado Economic Development Commission to approve up to 2 new regional tourism projects on or after September 1, 2024, provided they are located in a "frontier community," which is defined as a municipality with a population under 1,500 or the unincorporated area of a "frontier county" (a county designated as such by the Colorado Rural Health Center). 2. It expands the definition of "regional tourism project" to include "agritourism" facilities, along with ancillary uses, structures, and improvements. 3. It specifies that only local governments in frontier communities may apply for approval of regional tourism projects under the new provisions. The bill aims to provide a financing mechanism for attracting, constructing, and operating large-scale regional tourism projects, including those located in frontier communities, to attract significant investment and revenue from outside the state.

Business and Industry

https://leg.colorado.gov/bills/hb24-1281