Behind job creation and a healthy economy.
The Second Regular Session of the 66th Colorado General Assembly adjourned May 6, 2008. Major focus areas of the session included economic development, healthcare and health insurance issues, transportation funding, environmental regulation, and K-12 and higher education funding.
Colorado Governor Bill Ritter signed into law a significant economic development package for the 2008 Colorado General Assembly to enhance the competitiveness of Colorado and its top industries. Major components of the package included:
- Simplifying Colorado's corporate income tax structure through a "single factor" apportionment, allowing companies to pay taxes based solely on their "sales" in the state
- Raising Colorado's Business Personal Property Tax exemption from $2,500 to $7,000 over the next five years
- Eliminating the "Fly Away Tax" on small jets manufactured in Colorado and sold in other states or countries
- Creating a $3.5 million annual fund to support Colorado's burgeoning bioscience industry
The Metro Denver EDC and the Denver Metro Chamber of Commerce (DMCC) continue to concentrate on the key issue areas outlined in Referendum C–healthcare, education, and transportation–each as they relate to economic vitality and health of the business community.
Focused on preserving and enhancing a competitive business climate in the Centennial State, the Colorado Competitive Council (C3), an affiliate of the DMCC, is a statewide organization providing direct lobbying and business advocacy at the state legislative level. C3 steering committee members and investors represent organizations and business interests from across Colorado.
Comprehensive legislative reports prepared by Danny Tomlinson, lobbyist for the Economic Development Council of Colorado (EDCC), are included in the helpful links below. The reports include detailed, up-to-date bill summaries on legislation affecting economic development and businesses in Metro Denver and Colorado.
Helpful links: