Cory Gardner voted Yea (Passage) on this Legislation.
Title: Tax Credit for Job Creation
Signed by Governor Bill Ritter, Jr.
NOTE: THE LEGISLATURE PROVIDES ITS MEMBERS WITH THE OPPORTUNITY TO BOTH VOTE ON WHETHER TO CONCUR WITH THE OPPOSING CHAMBER'S AMENDMENTS AND, IF THE CONCURRENCE VOTE SUCCEEDS, VOTE TO REPASS THE BILL AFTER THE AMENDMENTS ARE INCORPORATED. THIS IS A VOTE ON REPASSAGE OF THE BILL AFTER THE MEMBERS CONCURRED WITH THE OPPOSING CHAMBER'S AMENDMENTS.
Title: Tax Credit for Job Creation
Vote to pass a bill that establishes a tax credit for employers that create at least 20 new jobs, or 5 jobs in a designated rural enhanced enterprise zone, that is equal to up to 50 percent of the total estimated tax imposed on the employer for the new employees, as determined by the Colorado Economic Development Commission, for taxable years beginning January 1, 2009 through January 1, 2015.
-Requires the new jobs created by the employer to provide for an average yearly wage of at least 110 percent of the average yearly wage of the county or enhanced rural enhanced enterprise zone in which the employer is located (Sec. 1). -Require the new jobs created by the employer to result in the retention of any new employee for at least 1 year (Sec. 1). -Requires employers applying for the credit to document to the Colorado Economic Development Commission that the jobs would not be created without the tax credit, including information that indicates the following (Sec. 1):
Title: Tax Credit for Job Creation