NOTE: The governor signed this measure on 3/27/2014.
      
      
      HOUSE BILL 14-1163
      
      
      BY REPRESENTATIVE(S) Hullinghorst, Becker, Court, Fields, Fischer,
      Ginal, Labuda, Melton, Pabon, Ryden, Singer, Williams, Young,
      Ferrandino;
      also SENATOR(S) Heath, Jones, Steadman.
      
      
      Concerning a clarification of the cap imposed on the enterprise
           zone investment tax credit.
      
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  In Colorado Revised Statutes, 39-30-104, amend (2)
      (c) (I) introductory portion and (2) (c) (I) (B) as follows:
      
           39-30-104.  Credit against tax - investment in certain property
      - definition. (2) (c) (I)  For income tax years commencing on or after
      January 1, 2014, except as provided in subparagraph (II) of this paragraph
      (c), the amount that may be claimed by a taxpayer for the an income tax
      year in which the total qualified investment is made is limited to the lesser
      of:
      
           (B)  Seven hundred and fifty thousand dollars plus any investment
      tax credit carryovers allowed in subparagraph (III) of this paragraph (c) or
      previously allowed in subsection (2.5) of this section.
      
           SECTION 2.  Safety clause. The general assembly hereby finds,
      determines, and declares that this act is necessary for the immediate
      preservation of the public peace, health, and safety.
      
      
      
      
      ________________________________________________________
      Mark Ferrandino                        Morgan Carroll
      SPEAKER OF THE HOUSE                     PRESIDENT OF
      OF REPRESENTATIVES                         THE SENATE
      
      
      
      
      
      
      ____________________________  ____________________________
      Marilyn Eddins                      Cindi L. Markwell
      CHIEF CLERK OF THE HOUSE                 SECRETARY OF
      OF REPRESENTATIVES                         THE SENATE
      
      
      
      
                  APPROVED________________________________________
      
      
      
      
      
                                    _________________________________________
                                    John W. Hickenlooper
                                    GOVERNOR OF THE STATE OF COLORADO