CO SB190

Creates two income tax credits for coal transition communities: one for businesses using freight rail (up to 75% of qualified expenditures, max $5 million/year through 2038) and one for railroad operators maintaining qualifying rail lines (up to 75% of qualified expenditures, max $5 million/year through 2037)

Expands Rural Opportunity Office duties to coordinate business development, workforce training, and economic diversification in coal transition communities in consultation with local stakeholders and rail worker organizations

Allows coal transition communities designated as Tier One transition communities to qualify as enterprise zones and enhanced rural enterprise zones (July 1, 2024 through January 1, 2034)

Restricts Moffat Tunnel use contracts to maximum 99-year terms and allows conveyance of tunnel property at less than fair market value if determined to be in public interest

Appropriates $215,021 to the Office of the Governor for 1.5 FTE positions to support rural opportunity office implementation