CO HB1166

Amends Colorado statutes to update references from the repealed section 39-30-105 income tax credit to the new section 39-30-105.1 credit for new business facility employees across multiple statutes governing enterprise zones.

Modifies statutes for counties (30-11-123), municipalities (31-15-903), and special districts (32-1-1702) to allow negotiation of incentive payments or credits with taxpayers who establish new business facilities or expand existing facilities, with terms not exceeding 10 years for agreements before August 6, 2014, or 35 years for agreements after that date.

Updates section 39-30-103 to replace references to section 39-30-105 with section 39-30-105.1 in requirements for annual documentation of enterprise zone performance, job creation statistics, and tax credit claims.

Revises section 39-30-104 to modify credit limitations for income tax years prior to January 1, 2014, and repeals provisions restricting relocation credits for businesses moving within Colorado to enterprise zones.

Amends section 39-30-107.5 to allow counties, municipalities, and special districts to negotiate tax incentives and sales tax refunds with taxpayers qualifying for the new business facility employee credit under section 39-30-105.1.