SB 23-066 CO Became Law
Advanced Industry Acceleration Programs
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Summary
The act extends the advanced industry export acceleration program, which was scheduled to end on January 1, 2025, and the advanced industries acceleration grant program, which was scheduled to end on July 1, 2024, by 10 years. Through March 1, 2023, the state treasurer annually credited to the advanced industries acceleration cash fund an amount equal to one-half of the bioscience and clean technology income tax withholding growth. The act extends this funding mechanism by 2 years. Additionally, the advanced industry export acceleration program allows a qualifying business that meets certain eligibility criteria to receive an international export development expense reimbursement. The act removes the eligibility criterion that requires a qualifying business to show a profit during the last fiscal year. APPROVED by Governor May 17, 2023 EFFECTIVE August 7, 2023 NOTE: This act was passed without a safety clause and takes effect 90 days after sine die. (Note: This summary applies to this bill as enacted.)
Sponsors (4)
- Cleave Simpson Republican · primary
- Chris Hansen · primary
- Shannon Bird · primary
- Mike Lynch · primary
Action history (17)
- May 17, 2023 Governor Signed · executive
- May 15, 2023 Sent to the Governor · executive
- May 15, 2023 Signed by the Speaker of the House · lower
- May 10, 2023 Signed by the President of the Senate · upper
- May 6, 2023 House Third Reading Passed - No Amendments · lower
- May 4, 2023 House Third Reading Laid Over Daily - No Amendments · lower
- May 3, 2023 House Second Reading Special Order - Passed - No Amendments · lower
- May 2, 2023 House Second Reading Laid Over Daily - No Amendments · lower
- Apr 28, 2023 House Committee on Appropriations Refer Unamended to House Committee of the Whole · lower
- Apr 24, 2023 House Committee on Finance Refer Unamended to Appropriations · lower
- Apr 17, 2023 Introduced In House - Assigned to Finance · lower
- Apr 17, 2023 Senate Third Reading Passed - No Amendments · upper
- Apr 14, 2023 Senate Second Reading Special Order - Passed with Amendments - Committee · upper
- Apr 14, 2023 Senate Committee on Appropriations Refer Amended - Consent Calendar to Senate Committee of the Whole · upper
- Feb 21, 2023 Senate Committee on Finance Refer Unamended to Appropriations · upper
- Jan 31, 2023 Senate Committee on Business, Labor, & Technology Refer Unamended to Finance · upper
- Jan 23, 2023 Introduced In Senate - Assigned to Business, Labor, & Technology · upper
Text versions (9)
The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.
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