HB 22-1408 Summary

• Creates a 9-member Film Incentive Task Force to study and recommend improvements to Colorado's performance-based film production incentive program, with members representing legislature, film industry, labor organizations, higher education, and state film office.

• Task Force must submit recommendations to the House Business Affairs and Labor Committee and Senate Business, Labor, and Technology Committee by January 1, 2023, and the task force sunsets July 1, 2023.

• Authorizes the Executive Director of the Office of Economic Development to approve film production incentives exceeding 20 percent of local expenditures in discretionary circumstances, providing flexibility beyond standard incentive rates.

• Transfers $2 million from the general fund to the Colorado office of film, television, and media operational account cash fund on July 1, 2022, to support the film incentive program.

• Appropriates $2,000,000 to the office of the governor and $2,131 to the legislative department for the 2022-23 fiscal year to implement the task force and cover legislator expenses.