§ 39-30.5-101. Short Title
This article shall be known and may be cited as the “Rural Jump-start Zone Act”. Source: L. 2015: Entire article added, (SB 15-282), ch. 186, p. 607, § 1, effective May 13.
§ 39-30.5-102. Legislative Declaration
The general assembly hereby finds and declares that: While overall there are improvements to the Colorado economy, there still exists a significant contraction of local economies in certain areas of the state; Importantly, those areas are experiencing increased economic downturn as measured by changes in such factors as population, employment, weekly wage, assessed value of […]
§ 39-30.5-103. Definitions. as Used in This Article 30.5, Unless the Context Otherwise Requires:
“Colorado economic development commission” or “commission” means the Colorado economic development commission created in section 24-46-102, C.R.S. (1.5) “Colorado office of economic development” or “office” means the Colorado office of economic development created in section 24-48.5-101. “Credit certificate” means a statement issued by the commission certifying that the new business or new hire qualifies for […]
§ 39-30.5-104. Rural Jump-Start Zone Program Requirements – Commission – Guidelines – Definitions
The commission shall develop guidelines for the administration of the rural jump-start zone program created in this article 30.5, including, but not limited to: Application requirements, including application requirements for the grant program under section 39-30.5-105 (5) and subsections (7)(c) and (7)(d) of this section; Guidelines regarding the issuing of credit certificates and grants; and […]
§ 39-30.5-105. Rural Jump-Start Zone Program Benefits
New business income tax credit. If a new business locates in a rural jump-start zone during the income tax years commencing on or after January 1, 2016, but before January 1, 2026, and the commission has approved the new business for the rural jump-start zone program benefits as specified in section 39-30.5-104 (7)(a), then except […]
§ 39-30.5-106. Rural Jump-Start Zone – Local Government Requirements
Before the commission may approve a rural jump-start zone as specified in section 39-30.5-104, the following must occur: An interested distressed county must adopt a resolution affirming that it will provide incentive payments, exemptions, or refunds, as appropriate, to new businesses to eliminate the business personal property tax imposed on all new businesses by the […]
§ 39-30.5-107. Rural Jump-Start Zone Reporting Requirements
The commission shall annually post on the Colorado office of economic development’s website, and include in the commission’s annual report required to be presented to the general assembly pursuant to section 24-46-104 (2), the following information regarding any rural jump-start zone program benefits allowed under this article 30.5: The distressed county and interested municipalities that […]
§ 39-30.5-108. Severability
If any provision of this article or the application thereof to any person or circumstance is held invalid, such invalidity does not affect other provisions or applications of this article that can be given effect without the invalid provision or application, and to this end the provisions of this article are declared to be severable. […]