Bill Tracker

Section 2 of the bill requires the general assembly, for fiscal year
2023-24 through fiscal year 2030-31, to annually transfer $1 million to
the prevention services division (division) within the department of public
health and environment. The bill requires the division to use this money
to partner with a statewide nonprofit organization to provide healthy
eating program incentives among Colorado's low-income populations.
Section 3 requires individual taxpayers to add an amount of
federal taxable income equal to their federal deduction for business meals
to their state income tax liability for the 2024 through 2030 income tax
years. Section 4 requires the same of corporate taxpayers. Section 6
requires the general assembly to transfer the following amounts from the
general fund to the department of agriculture to implement the small
business recovery and resilience grant program (grant program):
  • For fiscal years 2023-24 and 2030-31, $2.5 million; and
  • For fiscal years 2024-25 through 2029-30, $5 million.
Section 6 also extends the repeal date of the grant program from
September 1, 2027 to September 1, 2031.
Section 5 creates a tax credit for small food retailers and small
family farms that purchase certain systems or equipment. The tax credit
is equal to 75% of the cost of those systems or equipment. Purchasers
may assign the tax credit to the seller who sells them the qualifying
systems or equipment. The tax credit is available for the 2024 through
2030 tax years.

The state's fiscal rules (rules) generally prohibit payment prior to
the receipt and acceptance of goods or the completion and acceptance of
services (advance payment). However, the rules contain exceptions
allowing advance payment for certain goods and services including but
not limited to advertising services and related goods, construction
permits, catering for events at both state and non-state facilities,
formula-based federal grants for which the state acts as a fiscal agent
managing the pass-through of the money, information technology service
agreements, and purchases made with state commercial cards.
The bill creates an additional exception to the prohibition on
advance payment by directing the controller to promulgate rules
providing for advance payment for the purchase of state agricultural
products by a charitable food organization using state grant money.

The bill makes the following changes to the agricultural workforce
development program (program):
  • Allows internships under the program to last for up to one
year in duration; and
  • Extends the repeal date of the program by 7 years to July 1,
2031.