summary
Introduced
04/02/2024
04/02/2024
In Committee
05/04/2024
05/04/2024
Crossed Over
05/08/2024
05/08/2024
Passed
05/08/2024
05/08/2024
Dead
Signed/Enacted/Adopted
05/10/2024
05/10/2024
Introduced Session
2024 Regular Session
Bill Summary
CONCERNING FINANCIAL INCENTIVES RELATED TO APPRENTICESHIP PROGRAMS, AND, IN CONNECTION THEREWITH, MAKING AN APPROPRIATION.
AI Summary
This bill establishes a new apprenticeship tax credit and two grant programs to incentivize the growth and expansion of registered apprenticeship programs, particularly in new and emerging industries, and to support qualified apprenticeship intermediaries in connecting employers and apprentices to these programs. The bill provides definitions, application and reservation processes, reporting requirements, and appropriations to the Department of Labor and Employment to implement these new programs. The tax credit is available for tax years 2025 through 2034, while the grant programs are established through 2027. The goal of these provisions is to increase participation in and quality of registered apprenticeship programs in Colorado, especially among small businesses and in high-priority, high-demand industries.
Committee Categories
Budget and Finance
Sponsors (43)
Mark Baisley (R)*,
James Coleman (D)*,
Ron Weinberg (R)*,
Jenny Willford (D)*,
Judy Amabile (D),
Jennifer Bacon (D),
Shannon Bird (D),
Andrew Boesenecker (D),
Jeff Bridges (D),
Kyle Brown (D),
Janet Buckner (D),
Lisa Cutter (D),
Lindsey Daugherty (D),
Monica Duran (D),
Regina English (D),
Tony Exum (D),
Rhonda Fields (D),
Meg Froelich (D),
Eliza Hamrick (D),
Leslie Herod (D),
Sonya Jaquez Lewis (D),
Iman Jodeh (D),
Cathy Kipp (D),
Sheila Lieder (D),
Mandy Lindsay (D),
William Lindstedt (D),
Meghan Lukens (D),
Javier Mabrey (D),
Julia Marvin (D),
Tisha Mauro (D),
Julie McCluskie (D),
Barbara McLachlan (D),
Dafna Michaelson Jenet (D),
Kyle Mullica (D),
David Ortiz (D),
Kevin Priola (D),
Naquetta Ricks (D),
Dylan Roberts (D),
Manny Rutinel (D),
Jim Smallwood (R),
Brianna Titone (D),
Elizabeth Velasco (D),
Mary Young (D),
Last Action
Governor Signed (on 05/10/2024)
Official Document
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