CO HB1219

Allows taxpayers making renewable energy investments in Colorado enterprise zones to elect receiving an 80% refund of their tax credit (up to $750,000 annually) while forfeiting the remaining 20% of the credit.

Applies to renewable energy investments placed in service between January 1, 2015 and January 1, 2021 that generate electricity from solar, wind, biomass, hydroelectric, geothermal, landfill gas, recycled energy, anaerobic digestion, or renewable fuel cell projects.

Refunds exceeding $750,000 in a single year are distributed over multiple years until the full 80% credit amount is refunded; taxpayers with multiple investments can only receive refunds for subsequent projects after previous projects are fully refunded.

Requires Colorado Economic Development Commission to annually publish enterprise zone investment credit information on its website, including number of employees hired, construction personnel, wages, landowner payments, and estimated tax revenues.

Appropriates $33,000 to Department of Revenue, $1,200 to Department of Personnel, and $20,000 to Governor's Office for 2015-16 fiscal year to implement the program.