The bill creates the film, television, and media tax credit. The credit is available to a production company employing a workforce of at least 50% Colorado residents for production activities in the state. For production activities in a prioritized area, defined to mean a nonmetropolitan county or municipality with a population of 150,000 or less, the credit is up to 22% of the total qualified local expenditures. For production activities not in a prioritized area, the credit is up to 18% of the qualified local expenditures. The credit must be authorized and issued by the Colorado office of film, television, and media. Once issued, the credits may be used in the year issued or carried forward by the production company for up to 5 income tax years. The credits may also be transferred to another taxpayer to be used or carried forward as a credit against that taxpayer's income tax liability. The office of economic development is required to establish a system to track and verify the issuance, transfer, and ownership of the credits.(Note: This summary applies to this bill as introduced.)
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The act removes the prohibition against an employee of a liquor-licensed drugstore who is under 21 years of age having contact with alcohol beverages at the liquor-licensed drugstore. (Note: This summary applies to this bill as enacted.)
The act authorizes a port of entry officer to direct traffic in addition to existing enforcement powers. (Note: This summary applies to this bill as enacted.)
Joint Budget Committee. The housing assistance for persons transitioning from the criminal or juvenile justice system cash fund (cash fund), which is administered by the division of housing in the department of local affairs (division), currently includes reversions from unspent general fund appropriations to the division of criminal justice. The bill repeals these reversions. and replaces it with money that the division receives from the department of corrections or the department of human services from amounts the general assembly appropriated to those departments for persons transitioning from the criminal or juvenile justice system. The bill also adds explicit authority for the general assembly to appropriate this money to the departments of corrections and human services. (Note: Italicized words indicate new material added to the original summary; dashes through words indicate deletions from the original summary.) (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
The general assembly recognizes that the actual funded pupil count and the actual at-risk pupil count for the 2019-20 budget year are higher than anticipated when the appropriation amount was established during the 2019 legislative session, resulting in an increase in total program for the 2019-20 budget year. In addition, specific ownership tax revenue was less than anticipated, but local property tax revenue was more than anticipated, resulting in a net increase in the local share of total program funding. The increase in the local share of total program funding offsets a portion of the increase in total program. The act declares the general assembly's intent to maintain the budget stabilization factor at the dollar amount of the original appropriation. In addition, the total program amount set forth in statute was increased to reflect new provisions concerning funding for full-day kindergarten. The act increases appropriations for the state share of total program. (Note: This summary applies to this bill as enacted.)
Current law authorizes the board of directors of a conservancy district (board) to participate in the development of parks and recreational facilities within the district. The act permits a board to consider such participation a current expense of the district. The act also authorizes a board to participate in artistic and beautification projects that improve the aesthetic appearance of waterways within the district and to consider such participation a current expense of the district. (Note: This summary applies to this bill as enacted.)
The act requires the state treasurer to transfer $7,466,648 from the general fund to the information technology capital account within the capital construction fund on April 1, 2020. (Note: This summary applies to this bill as enacted.)
The 2019 general appropriation act is amended to balance and make adjustments to the total amount appropriated to the department of personnel. The general funds and reappropriated funds portions of the appropriation are increased and cash funds portion is decreased, resulting in a decrease in the amount appropriated to the department. Appropriations made in Senate Bill 19-135, concerning methods to determine whether disparities involving certain historically underutilized businesses exist within the state procurement process, are amended to clarify that the money appropriated is for personal services. (Note: This summary applies to this bill as enacted.)
The 2019 general appropriation act is amended to balance and make adjustments to the total amount appropriated to the offices of the governor, lieutenant governor, and state planning and budgeting. The general fund, cash funds, and reappropriated funds portions of the appropriation are increased and the federal funds portion is decreased, resulting in no change in the total amount appropriated to the department. (Note: This summary applies to this bill as enacted.)
The 2019 general appropriation act is amended to balance and make adjustments to the total amount appropriated to the department of law. The general funds portion of the appropriation is increased and federal funds portion is decreased, resulting in no change in the amount appropriated to the department. (Note: This summary applies to this bill as enacted.)