Colo. lawmakers get jobs bill moving | SummitDaily.com

Colo. lawmakers get jobs bill moving

DENVER ” A House committee has approved a key piece of the Legislature’s jobs creation plan that will offer tax incentives to companies that move to Colorado and create at least 10 new jobs.

The bill (House Bill 1001) was approved Wednesday by the House Finance Committee and now goes to Appropriations.

The legislation would reward companies that create 10 new jobs in rural areas and 20 jobs in urban areas.

Democratic Rep. Joe Rice of Littleton, who sponsored the bill, says the measure will help get Colorado residents working again.

Rice says the bill is different from other tax incentives because it would require companies to prove that they would have located elsewhere without the tax incentive.


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