investment tax credit

Colorado's enterprise zone program will be modified to permanently cap the amount of investment tax credit that may be claimed at $750,000 per year, place greater emphasis on job creation and workforce development and provide transparency in assessing the program's effectiveness, thanks to Gov. John Hickenlooper's signing of House Bill 1142 on Wednesday.

Under the new law:

House Bill 12-1251

Testimony to the House Finance Committee
George Awuor, policy analyst
February 22, 2012

Thank you for the opportunity to speak before this committee today.

I am George Awuor, and I am a policy analyst at the Bell Policy Center. The Bell is a non-partisan, non-profit profit research and advocacy organization dedicated to making Colorado a state of opportunity for all.

Gov. Bill Ritter recently signed two bills to restructure Colorado's enterprise zone program.

We believe these bills are important because they will: