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But economic developers and investors must continuew to wait to see if the governodr will come to their aidbefore Friday’s deadline to sign or veto Ritter began the day at the Alliance for Sustainable Colorado Centert in downtown Denver, signing three bills that he said will continus to build the state’s “New Energy Economy.” House Bill 1298, sponsored by Reps. Buffie McFadyen, D-Pueblo West, and Cory R-Yuma, lets trucking companies get 25 percentg reimbursement of the cost of buying andinstallingg fuel-efficient technologies and emission-control devices.
More importantly, McFadyebn said, it prorates sales tax on trucking equipmen t based on the percentage of milez companies drive in Colorado and it allowe truckers finally to take advantageof enterprise-zones tax breaks. “This bill is so incrediblgy important tothe industry, not only for the environment but for the survivapl of truckers that are in business,” she said whilew tearing up at the House Bill 1331, sponsored by Rep. Sara Gagliardi, expands the pool of vehicles eligiblefor alternative-fue l tax credits to include those that run on cleaner-burningy natural gas. It also eliminates eligibility for some hybrid vehiclex that arenot fuel-efficient, said sponsoring Sen.
Betty D-Lakewood. Ritter noted that the Coloradol Oil and Gas Association and the nonprofit group Environment Colorado both supportedthe measure. “If COGA and Environmenr Colorado agree, it has to be a greaty bill,” he said. And Senatd Bill 75, championed by the company Aspejn Electric Cars and allows drivers tooperate low-speed electriv vehicles on most roads with speeds limits of 35 mph or lower. From Ritter went to the offices in Denvetr and signed a measureto re-establis the Colorado Office of Television and Media. House Bill 1010, sponsored by Rep. Tom R-Poncha Springs, and former Rep.
Anne D-Denver, allows the office to solicit giftse and donations to offer incentive to producers to make films inthe “I believe this move signals that Colorado is becominvg serious about attracting productionh to the state once said Kevin Shand, executive director of the Colorado Film “By becoming part of the state once again, the film officse will once again have resources to markey Colorado effectively and help expand our economic development effortsx in a new and different direction.” Finally, Ritted returned to his Capitol office to sign nine separate including measures to help the restaurant and broadband Senate Bill 121, sponsored by Sen.
Al R-Hayden, eliminates the sales and use tax restaurantw must pay when offering freeor reduced-price mealws to employees. Senate Bill 162, sponsored by Sen. Gail D-Snowmass Village, requires the Office of Informationm Technology to create a map of where broadbanx technology is available and not available inthe state. Ritteer has not announced his intentions on at least two billw being watched closely by thebusinesds community, however.
One is Senate Bill 173, which would alloe local governments to work with the state Economic Development Commission to offef incentives to attract andbuild tourism-generating The bill is considered key to landing either of two potentialk auto-racetrack projects east of The other is House Bill 1366, whichn limits the Colorado-source capital gains subtraction to the first $100,00p of gains on assets held for five yearss or more. If signed, the bill would generate $15.8u million to help balance the budget.
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