Colorado Gov. John Hickenlooper came to Boulder this morning to sign into law HB13-1142, a bill that its sponsors say will make the state's enterprise zone system more targeted at jobs creators.
The signing was held at the Boulder Chamber and found the governor flanked by the bill's two sponsors, House Majority Leader Dickey Lee Hullinghorst (D-Boulder) and Sen. Rollie Heath (D-Boulder).
According to the House Democrats, the measure caps enterprise zone tax credits at $750,000, with 14 years of carryovers that would allow up to $11.2 million in tax credits for a single claim.
Enterprise zones, originally designed to encourage development in depressed areas, now cover 70 percent of the state.
“This is a very good bill for jobs in Colorado,” Hullinghorst said in a statement.