Skip to main content
Colorado General AssemblyToggle Main Menu
Agency NameToggle Agency Menu
HB24-1396

General Fund Transfer to Advanced Industries Programs

Concerning the transfer of money from the general fund to the advanced industries acceleration cash fund, and, in connection therewith, extending the "Colorado Bioscience and Clean Technology Innovation Reinvestment Act" for an additional eight years.
Session:
2024 Regular Session
Subjects:
Business & Economic Development
State Revenue & Budget
Bill Summary

Joint Budget Committee. The advanced industries acceleration cash fund (AI cash fund) consists, in part, of money transferred annually to the fund from the general fund pursuant to the "Colorado Bioscience and Clean Technology Innovation Reinvestment Act" (act). The amount of money transferred pursuant to the act is based on the amount of income tax withholding for certain bioscience and clean technology occupation classifications. Currently, the last transfer to the AI cash fund is scheduled for March 1, 2025, and the act is scheduled to repeal, effective July 1, 2026. The bill extends both the transfers to the AI cash fund and the act for an additional 8 years so that the last transfer is scheduled for March 1, 2033, and the act is scheduled to repeal, effective July 1, 2034.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Status

Introduced
Passed
Became Law

Menu

Bill Text

  • All Versions (7 )
    Date Bill Type Documents
    04/18/2024 Signed Act PDF
    04/12/2024 Final Act PDF
    04/05/2024 Rerevised PDF
    04/04/2024 Revised PDF
    04/01/2024 Reengrossed PDF
    03/28/2024 Engrossed PDF
    03/25/2024 Introduced PDF

The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details