Business Services Industry
Colorado Senators Pass Rural Enterprise Zone Bill.
Knight Ridder/Tribune Business News, May, 2002
By Tom McAvoy, The Pueblo Chieftain, Colo. Knight Ridder/Tribune Business News
May 2--DENVER--The Colorado Senate voted 26-9 Wednesday for a rural enterprise zone bill aimed at economic development in traditionally agricultural areas.
Sen. Mark Hillman, R-Burlington, carried HB1161 through the Senate, which amended the bill so much that the other sponsor, Rep. Brad Young, R-Lamar, will call for a conference committee to work out the differences.
Young won House approval last month only by balancing rural and urban enterprise zone tax credits so there would be no net loss of state tax revenue.
He did it by lowering the existing $500 new jobs credit to $400 in urban enterprise zones to offset a corresponding increase to $2,400 per...
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