§ 39-32-104. Zones Established
Based upon the needs and assessment inventory and the evidence received during the public hearing conducted pursuant to section 39-32-103, the public utilities commission may designate rural areas in the state as rural technology enterprise zones. In designating such zones, the commission shall specify by rule, based upon the needs and assessment inventory and the […]
§ 39-32-105. Credit Against Tax – Investment in Technology Infrastructure
There shall be allowed to any person as a credit against the tax imposed by article 22 of this title, for income tax years commencing on or after January 1, 1999, but prior to January 1, 2005, an amount equal to ten percent of the amount of the total investment made during such years in […]
§ 39-32-107. Rules
The public utilities commission shall promulgate rules necessary for the administration of sections 39-32-103 and 39-32-104. The department of revenue shall promulgate rules necessary for the administration of section 39-32-105. Rules promulgated pursuant to this section shall be promulgated in accordance with article 4 of title 24, C.R.S. Source: L. 98: Entire article added, p. […]
§ 39-35-101. Short Title
This article shall be known and may be cited as the “Aviation Development Zone Act”. Source: L. 2005: Entire article added, p. 1490, § 1, effective August 8.
§ 39-35-102. Definitions
As used in this article, unless the context otherwise requires: “Aircraft manufacturer” means a business involved in the production of aircraft parts specifically used in the manufacture of aircraft or a business involved in the development of a proof of concept or prototype aircraft, a test and evaluation aircraft, a certification aircraft, or a production […]
§ 39-35-103. Zones Established
Any airport in the state may register with the office to become an aviation development zone. Only the area included within the boundaries of the airport shall be included in the aviation development zone. The office may establish procedures for the registration of airports as aviation development zones pursuant to this article. Source: L. 2005: […]
§ 39-35-104. Aircraft Manufacturer – Credit for New Employees
For any income tax year commencing on or after January 1, 2006, but before January 1, 2023, any aircraft manufacturer that is located in an aviation development zone in the state, that employs at least ten full-time employees within the zone, and that hires one or more new employees during the income tax year shall […]
§ 39-35-105. Reporting Requirements
Any aircraft manufacturer that claims a new employee income tax credit pursuant to section 39-35-104 shall file an annual progress report with the office and the department of revenue within ninety days of the end of the manufacturer’s income tax year. The annual progress report shall include, but shall not be limited to, the following: […]
§ 39-35-106. Repeal of Article
This article is repealed, effective January 1, 2024, unless it is continued or reestablished by the general assembly acting by bill prior to said date. Source: L. 2005: Entire article added, p. 1494, § 1, effective August 8. L. 2013: Entire section amended, (HB 13-1080), ch. 211, p. 886, § 4, effective August 7. Cross […]
§ 39-31-102. Procedures to Obtain Grant – Department of Revenue – Responsibilities
A grant authorized by section 39-31-101 or 39-31-104 shall be paid from the reserve for refunds created by section 39-22-622. Payments shall be made on a quarterly basis, with the amount of each payment equal to the total amount of the grant divided by the number of quarters remaining in the calendar year in which […]