Bill Sponsor
Colorado House Bill 1001
Session 2024A
Reauthorization of Rural Jump-Start Program
Active
Active
Passed Senate on May 6, 2024
Sponsors
Democrat
Meghan Lukens
Republican
Rick Taggart
Democrat
Dylan Roberts
Republican
Cleave Simpson
First Action
Jan 10, 2024
Latest Action
May 10, 2024
Origin Chamber
House
Type
Bill
Bill Number
1001
State
Colorado
Session
2024A
Sponsorship by Party
Republican
Primary
Democrat
Primary
Democrat
Primary
Republican
Primary
Summary
Currently, the rural jump-start zone grant program (grant program) terminates on July 1, 2024, and all grant money in the rural jump-start zone grant fund account (account) reverts to the general fund on June 30, 2024. The bill continues the grant program until July 1, 2026 2025, and the grant money in the account reverts to the general fund on June 30, 2026 2025. The bill 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, currently expire on January 1, 2026. The bill extends the tax credits for 5 years, until January 1, 2031. The bill prohibits the Colorado office of economic development commission (commission) (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 commission office may issue in each approved rural jump-start zone in one income tax year for all new hires employed by all new businesses that are in one of the 14 industries that the commission office targets for economic development in the state is increased from 300 to 500 600 . The bill appropriates $873,304 to the office of the governor for use by economic development programs. This appropriation is from the rural jump-start zone grant fund account. To implement the bill, the office may use this appropriation for rural jump start. (Note: Italicized words indicate new material added to the original summary; dashes through words indicate deletions from the original summary.) (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
Actions (14)
05/10/2024
Office of the Governor
Sent to the Governor
05/10/2024
Senate
Signed by the President of the Senate
05/10/2024
House
Signed by the Speaker of the House
05/06/2024
Senate
Senate Third Reading Passed - No Amendments
05/04/2024
Senate
Senate Second Reading Special Order - Passed - No Amendments
05/04/2024
Senate
Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole
05/03/2024
Senate
Senate Committee on Finance Refer Unamended to Appropriations
05/02/2024
Senate
Senate Committee on Business, Labor, & Technology Refer Unamended to Finance
04/29/2024
Senate
Introduced In Senate - Assigned to Business, Labor, & Technology
04/29/2024
House
House Third Reading Passed - No Amendments
04/26/2024
House
House Second Reading Special Order - Passed with Amendments - Committee
04/25/2024
House
House Committee on Appropriations Refer Amended to House Committee of the Whole
02/01/2024
House
House Committee on Business Affairs & Labor Refer Amended to Appropriations
01/10/2024
House
Introduced In House - Assigned to Business Affairs & Labor
Sources
Record Created
Jan 10, 2024 8:13:38 PM
Record Updated
May 11, 2024 2:38:21 AM