House Bill 23-1008 Summary

• Requires Colorado residents and corporations to add back federal business meal deductions to state taxable income for tax years 2024-2030, with the provision repealing December 31, 2035.

• Appropriates $250,000 to the Department of Public Health and Environment for fiscal year 2023-24 to fund healthy eating program incentives targeting low-income Coloradans, with emphasis on fresh Colorado-grown fruits and vegetables.

• Creates a tax credit program supporting the Small Food Business Recovery and Resilience Grant Program, allowing credits of 85% (2024-2025) and 75% (2025-2031) for qualifying small food retailers, small family farms, and community food consortium members, capped at $10 million annually per tax year.

• Increases maximum grant amounts from $25,000 to $50,000 for small food business recovery and resilience grants and expands the definition of "small food retailer" from less than 5,000 to less than 10,000 square feet of retail space.

• Appropriates $360,413 from the general fund to the Department of Agriculture for 2023-24 to implement the act, including funding for 3.0 FTE positions and administration of community food access programs.