CO HB1080

Expands the definition of "aircraft manufacturer" to include businesses involved in maintenance and repair, completion, or modification of aircraft for income tax years beginning January 1, 2013 and later.

Extends the income tax credit for new employees hired by aircraft manufacturers from ending January 1, 2017 to ending January 1, 2023.

Maintains the $1,200 tax credit per new employee working in an aviation development zone, prorated by months of employment during the tax year.

Extends the repeal date of the aviation development zone article from January 1, 2018 to January 1, 2024 unless reestablished by the general assembly.

Takes effect August 7, 2013, unless a referendum petition is filed, in which case it requires voter approval in November 2014.