CO HB1212

Creates job creation districts that allow local governments to support eligible projects generating jobs without voter approval.

Establishes local job creation authorities authorized to receive and utilize 90% of increased tax revenues above a designated baseline to finance public improvements supporting eligible projects.

Requires public or private entities submitting district proposals to include detailed information such as boundaries, project descriptions, job creation numbers, salary estimates, and financial plans; governing bodies must hold public hearings before approval.

Sets minimum job creation and capital investment thresholds that vary by community size (ranging from 10 jobs in small communities to 300 jobs in metropolitan areas) and restricts school district tax revenue contributions to no more than 50% of increased revenues.

Authorizes authorities to issue bonds, enter agreements with taxing entities and eligible projects, and allocate increased tax revenues for public improvements over a maximum 15-year period, with base tax revenues remaining with taxing entities.