Bill Tracker

The bill requires each of those transfers to
be made 6 months earlier. Any unexpended and unencumbered moneys
from an appropriation made from the fund to the office of international
trade remain available for expenditure by the office in the next fiscal year
without further appropriation.

The bill repeals the Colorado innovation investment tax credit and
replaces it with the advanced industry investment tax credit (tax credit).
The tax credit is available for a qualified investor who, prior to January
1, 2018, makes an equity investment in a qualified small business from
the advanced industries, which consists of advanced manufacturing,
aerospace, bioscience, electronics, energy and natural resources,
information technology, and infrastructure engineering.

The bill creates the advanced industries workforce development
program in the Colorado office of economic development (office). The
purpose of the program is to allow the office to reimburse a business for
one-half of its expenses related to a qualifying internship or
apprenticeship.

For income tax years commencing on or after January 1, 2014, the
bill modifies the job growth incentive tax credit by extending the tax
credit claim period from 60 months to 96 months, lowering the average
wage match from 110% to 100%, and changing the language that governs
the commission's approval of a project to show that the credit is a
substantial factor in the decision to locate or retain the project in
Colorado.

Current law directs the department of human services to administer
a transitional jobs program through December 30, 2014. The bill extends
the program through December 30, 2016.

County assessors annually submit 2 separate reports (one regarding
taxable real property and the other regarding taxable personal property),
on different dates, to their county boards of equalization. The bill requires
both reports to be submitted simultaneously and specifies that the
submission must occur on or before each July 15 or, for counties that
have elected to use an alternate protest and appeal procedure, on or before
each September 15.

Section 1 of the bill defines flex use to mean an application of
the fully consumptive portion of water that has been subject to a water
right change-in-use proceeding to any beneficial use. It also redefines
appropriation to exclude flex use from the anti-speculation doctrine.
Sections 2 and 3 describe the procedures for obtaining a flex use
change-in-use decree and a flex use substitute water supply plan.