HB 14-1163: Enterprise Zone Investment Tax Credit Cap Clarification

• Amends Colorado Revised Statutes section 39-30-104 to clarify the annual cap on enterprise zone investment tax credits for income tax years commencing January 1, 2014 and later.

• Changes the cap language from "for the AN income tax year in which the total qualified investment is made" to specify the credit is limited to the lesser of the calculated amount in a single tax year.

• Sets the maximum annual credit at $750,000 plus any allowable investment tax credit carryovers from prior years.

• Includes a safety clause declaring the act necessary for immediate preservation of public peace, health, and safety.

• Signed by Governor John W. Hickenlooper.