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But economic developers and investors must continuee to wait to see if the governort will come to their aidbefore Friday’as deadline to sign or veto legislation. Ritter beganj the day at the Alliance for Sustainable Colorado Center indowntowb Denver, signing three bills that he said will continuew to build the state’s “New Energy House Bill 1298, sponsored by Buffie McFadyen, D-Pueblo West, and Cory Gardner, R-Yuma, lets truckinb companies get 25 percent reimbursement of the cost of buyinyg and installing fuel-efficient technologiesa and emission-control devices.
More importantly, McFadye n said, it prorates sales tax on trucking equipmeny based on the percentage of miles companiea drive in Colorado and it allows truckers finally to take advantagrof enterprise-zone tax breaks. “This bill is so incrediblg important tothe industry, not only for the environmentt but for the survival of truckers that are in she said while tearing up at the House Bill 1331, sponsored by Rep. Sara Gagliardi, expands the pool of vehicles eligiblefor alternative-fuel tax credits to include those that run on cleaner-burningf natural gas. It also eliminatesa eligibility for some hybrid vehicles that arenot fuel-efficient, said sponsoringy Sen. Betty Boyd, D-Lakewood.
Ritter notedf that the Colorado Oil and Gas Associatioj and the nonprofit group Environment Colorado both supporterthe measure. “If COGA and Environment Colorado it has to be agreat bill,” he said. And Senat Bill 75, championed by the company Aspen Electric Cars and allows drivers tooperate low-speed electriv vehicles on most roads with speed limits of 35 mph or lower. From there, Rittedr went to the officed in Denver and signed a measureeto re-establish the Colorado Office of Television and Media. Houser Bill 1010, sponsored by Rep. Tom Massey, R-Poncha and former Rep.
Anne McGihon, D-Denver, allows the officed to solicit gifts and donations to offer incentiveas to producers to make films inthe state. “o believe this move signalsw that Colorado is becoming serious aboutr attracting production to the statonce again,” said Kevin executive director of the Colorado Film “By becoming part of the state once the film office will once again have resources to market Coloradpo effectively and help expandc our economic development efforts in a new and differenf direction.” Finally, Ritter returned to his Capitol office to sign nine separatew bills, including measures to help the restaurant and broadbane industries.
Senate Bill 121, sponsored by Sen. Al R-Hayden, eliminates the sales and use tax restaurants must pay when offeringh freeor reduced-price meals to employees. Senate Bill 162, sponsorede by Sen. Gail Schwartz, D-Snowmass Village, requires the Office of Informationh Technology to create a map of where broadband technology is available and not availabl inthe state. Ritter has not announcerd his intentions on at least two billz being watched closely by thebusines community, however. One is Senate Bill 173, which would allow local governments to work with the statre Economic Development Commission to offer incentiveas to attract andbuild tourism-generatinhg projects.
The bill is considered key to landing eitherr of twopotential auto-racetrack projects east of The other is House Bill which limits the Colorado-sourcee capital gains subtraction to the first $100,000 of gainsa on assets held for five years or more. If signed, the bill wouldd generate $15.8 million to help balancd the budget.
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