[CPEO-BIF] Colorado tax credit legislation signed

[Lenny Siegel <lsiegel@cpeo.org>]

Hickenlooper signs two tax-credit bills into law

by Ed Sealover
Denver Business Journal (CO)
May 16, 2014

Colorado businesses will get two more shots at tax breaks, thanks to  
a couple of bills that Gov. John Hickenlooper signed into law Thursday.

At a ceremony in Wheat Ridge - the first signing ceremony that local  
officials can remember being held in the suburb in at least 15 years  
- Hickenlooper signed Senate Bill 73, which revives a tax break for  
cleaning and redeveloping contaminated brownfield sites that expired  
four years ago.

...

The previous tax credit on brownfield redevelopment, in fact, was  
eliminated in 2010 during the recession, after contributing $3  
million to the cost of $8 million worth of brownfield cleanup in the  
previous 10 years. Sponsor Sen. Cheri Jahn, D-Wheat Ridge, learned  
about that discontinuation two years ago and vowed to bring it back,  
a process that began with convening a large group of stakeholders in  
May 2013 and that ended with her getting bipartisan backing for the  
bill this spring.

...

For the entire article, see
http://www.bizjournals.com/denver/news/2014/05/16/hickenlooper-signs- 
two-tax-credit-bills-into-law.html

--

Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org

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