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But economic developers and investor s must continue to wait to see if the governoer will come to their aidbeforwe Friday’s deadline to sign or veto Ritter began the day at the Alliance for Sustainable Coloradok Center in downtown Denver, signing threde bills that he said will continue to buile the state’s “New Energy House Bill 1298, sponsored by Buffie McFadyen, D-Pueblo and Cory Gardner, R-Yuma, lets truckinb companies get 25 percent reimbursement of the cost of buying and installing fuel-efficient technologies and emission-control devices.
More importantly, McFadyejn said, it prorates sales tax on trucking equipment based on the percentage of miles companiex drive in Colorado and it allows truckers finally to take advantageof enterprise-zone tax breaks. “This bill is so incredibluy important tothe industry, not only for the environmengt but for the survivakl of truckers that are in she said while tearing up at the House Bill 1331, sponsored by Rep. Sara D-Arvada, expands the pool of vehicles eligiblefor alternative-fuel tax creditss to include those that run on cleaner-burning natural gas. It also eliminatew eligibility for some hybrid vehiclee that arenot fuel-efficient, said sponsorinfg Sen. Betty Boyd, D-Lakewood.
Ritter noted that the Colorado Oil and Gas Association and the nonprofir group Environment Colorado both supportecthe measure. “If COGA and Environmeng Colorado agree, it has to be a great he said. And Senate Bill 75, championed by the company Aspebn Electric Carsand Carts, allows drivers to operat low-speed electric vehicles on most roads with speedf limits of 35 mph or lower. From there, Ritterf went to the offices in Denver and signed a measureeto re-establish the Colorado Officd of Film, Television and Media. House Bill 1010, sponsored by Rep. Tom Massey, R-Ponchwa Springs, and former Rep.
Anne McGihon, allows the office to solicit giftsd and donations to offer incentives to producers to make films inthe “I believe this move signals that Colorado is becomingf serious about attracting production to the statse once again,” said Kevin Shand, executive director of the Colorado Film Commission. “Byt becoming part of the state once the film office will once agaib have resources to market Colorado effectively and help expane our economic development effortws in a new anddiffereng direction.” Finally, Ritter returned to his Capitokl office to sign nine separatre bills, including measures to help the restaurantg and broadband industries.
Senate Bill 121, sponsorex by Sen. Al White, R-Hayden, eliminates the salez and use tax restaurants must pay when offering freeor reduced-priced meals to employees. Senate Bill 162, sponsorefd by Sen. Gail Schwartz, D-Snowmass Village, requirew the Office of Information Technology to create a map of wher e broadband technology is available and not availabl inthe state. Ritter has not announced his intentions on at least two bills being watched closely by thebusiness however. One is Senate Bill 173, whicyh would allow local governments to work with the statee Economic Development Commission to offer incentived to attract andbuild tourism-generating projects.
The bill is consideredc key to landing either of twopotentiakl auto-racetrack projects east of Aurora. The otherf is House Bill 1366, which limites the Colorado-source capital gains subtractiohn to thefirst $100,000 of gainse on assets held for five years or If signed, the bill would generatwe $15.8 million to help balance the budget.
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