Meghan Lukens
- Democratic
- Representative
- District 26
Primary
The act continues the rural jump-start zone grant program (grant program) until July 1, 2025, and the grant money in the rural jump-start grant fund account reverts to the general fund on June 30, 2025. The act changes the total allowable administrative cost of the grant program from $100,000 per fiscal year to $300,000 total for the sum of all fiscal years that the grant program is in effect. The new business income tax credit and the new hire income tax credit, which are benefits under the grant program, are extended for 5 years and are available for income tax years commencing before January 1, 2031. The act prohibits the Colorado office of economic development (office) from approving more than 3 rural jump-start zones in counties with populations of less than 100,000 in any year. The number of credit certificates that the office may issue in each approved rural jump-start zone in one income tax year for all new hires employed by all new businesses is increased from 300 to 600 for businesses that are in one of the 14 industries that the office targets for economic development in the state. The act appropriates $873,304 from the rural jump-start zone grant fund account to the office of the governor for use by economic development programs. To implement the act, the office may use this appropriation for rural jump-start. APPROVED by Governor May 29, 2024 EFFECTIVE May 29, 2024(Note: This summary applies to this bill as enacted.)
Governor Signed
Sent to the Governor
Signed by the President of the Senate
Signed by the Speaker of the House
Senate Third Reading Passed - No Amendments
Senate Second Reading Special Order - Passed - No Amendments
Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole
Senate Committee on Finance Refer Unamended to Appropriations
Senate Committee on Business, Labor, & Technology Refer Unamended to Finance
Introduced In Senate - Assigned to Business, Labor, & Technology
House Third Reading Passed - No Amendments
House Second Reading Special Order - Passed with Amendments - Committee
House Committee on Appropriations Refer Amended to House Committee of the Whole
House Committee on Business Affairs & Labor Refer Amended to Appropriations
Introduced In House - Assigned to Business Affairs & Labor
| Bill Text Versions | Format |
|---|---|
| Signed Act (05/29/2024) | |
| Final Act (05/10/2024) | |
| Rerevised (05/06/2024) | |
| Revised (05/04/2024) | |
| Reengrossed (04/29/2024) | |
| Engrossed (04/26/2024) | |
| Introduced (01/10/2024) | |
| PA2 (04/25/2024) | |
| PA1 (02/02/2024) | |
| Committee Amendment |
| Document | Format |
|---|---|
| Fiscal Note SA1 (04/24/2024) | |
| Fiscal Note SA2 (05/04/2024) | |
| Fiscal Note FN1 (01/31/2024) | |
| Fiscal Note FN2 (08/06/2024) |
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