Colorado 2023 Regular Session Status: Enacted 1 R cosponsors

SB 23-066 — Advanced Industry Acceleration Programs

Last action — Governor Signed

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced January 23, 2023. Enacted.

Signed by Governor Jared Polis (Democratic) on May 17, 2023.

Prognosis

Likely to advance 78% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 4 sponsors

    4 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 R).

  • Cleared a recorded vote

    Passed 2 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

The act extends the advanced industry export acceleration program, which was scheduled to end on January 1, 2025, and the advanced industries acceleration grant program, which was scheduled to end on July 1, 2024, by 10 years. Through March 1, 2023, the state treasurer annually credited to the advanced industries acceleration cash fund an amount equal to one-half of the bioscience and clean technology income tax withholding growth. The act extends this funding mechanism by 2 years. Additionally, the advanced industry export acceleration program allows a qualifying business that meets certain eligibility criteria to receive an international export development expense reimbursement. The act removes the eligibility criterion that requires a qualifying business to show a profit during the last fiscal year. APPROVED by Governor May 17, 2023 EFFECTIVE August 7, 2023 NOTE: This act was passed without a safety clause and takes effect 90 days after sine die. (Note: This summary applies to this bill as enacted.)

Bill Text

What changed in the latest version

23 added · 19 removed

Plain-language change summary

The changes to SB 23-066 involve amending the eligibility criteria for the international export development expense reimbursement and updating the reporting timeline for program activities. Specifically, the requirement to show a profit during the past fiscal year for businesses seeking reimbursement has been removed. Additionally, the reporting deadline has been extended to November 2034, allowing for a longer period of activity to be reviewed in the program's reports.

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First Regular Session Seventy-fourth General Assembly STATE OF COLORADO ENGROSSED This Version Includes All Amendments Adopted on Second Reading in the House of Introduction LLS NO.
First Regular Session Seventy-fourth General Assembly STATE OF COLORADO REENGROSSED This Version Includes All Amendments Adopted in the House of Introduction LLS NO.
23-0547.01 Zach Blaes x4348 SENATE BILL 23-066 SENATE SPONSORSHIP Simpson and Hansen, HOUSE SPONSORSHIP Bird and Lynch, Senate Committees House Committees Business, Labor, & Technology Finance Appropriations A BILL FOR AN ACT C ONCERNING CHANGES TO THE ADVANCED INDUSTRY ACCELERATION PROGRAMS .
23-0547.01 Zach Blaes x4348 SENATE BILL 23-066 SENATE SPONSORSHIP Simpson and Hansen, Bridges, Exum, Ginal, Priola, Winter F., Zenzinger HOUSE SPONSORSHIP Bird and Lynch, Senate Committees House Committees Business, Labor, & Technology Finance Appropriations A BILL FOR AN ACT C ONCERNING CHANGES TO THE ADVANCED INDUSTRY ACCELERATION PROGRAMS .
This summary applies to this bill as introduced and does notreflectanyamendmentsthatmaybesubsequentlyadopted.Ifthisbill passes third reading in the house of introduction, a bill summary that applies to the reengrossed version of this bill will be available at http://leg.colorado.gov.) Currently,theadvancedindustryexportaccelerationprogramends on January 1, 2025, and the advanced industries acceleration grant program ends on July 1, 2024.
This summary applies to this bill as introduced and does notreflectanyamendmentsthatmaybesubsequentlyadopted.Ifthisbill e n passes third reading in the house of introduction, a bill summary that m 2 applies to the reengrossed version of this bill will be available at T n 2 A U 7 http://leg.colorado.gov.) E i i S a p Currently,theadvancedindustryexportaccelerationprogramends R A r on January 1, 2025, and the advanced industries acceleration grant 3 program ends on July 1, 2024.
g Additionally, the advanced industry export acceleration program d allows a qualifying business to receive an international export e 2 T R 2 A 2 4 Shading denotes HOUSE amendment.
g Additionally, the advanced industry export acceleration program i a 3 allows a qualifying business to receive an international export E R 0 A n , N 2 1 Shading denotes HOUSE amendment.
E d i Capital letters or bold & italic numbers indicate new material to be added to existing law.
S e r Capital letters or bold & italic numbers indicate new material to be added to existing law.n Ap Dashes through the words or numbers indicate deletions from existing law.
Dashes through the words or numbers indicate deletions from existing law.
e A development expense reimbursement.
e A A development expense reimbursement.
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Amendments

1 amendment

Click Show changes on an amendment above to see how it modifies the bill.

Action History

  1. Governor Signed

  2. Signed by the Speaker of the House

  3. Sent to the Governor

  4. Signed by the President of the Senate

  5. House Third Reading Passed - No Amendments

  6. House Third Reading Laid Over Daily - No Amendments

  7. House Second Reading Special Order - Passed - No Amendments

  8. House Second Reading Laid Over Daily - No Amendments

  9. House Committee on Appropriations Refer Unamended to House Committee of the Whole

  10. House Committee on Finance Refer Unamended to Appropriations

  11. Senate Third Reading Passed - No Amendments

  12. Introduced In House - Assigned to Finance

  13. Senate Committee on Appropriations Refer Amended - Consent Calendar to Senate Committee of the Whole

  14. Senate Second Reading Special Order - Passed with Amendments - Committee

  15. Senate Committee on Finance Refer Unamended to Appropriations

  16. Senate Committee on Business, Labor, & Technology Refer Unamended to Finance

  17. Introduced In Senate - Assigned to Business, Labor, & Technology

Sponsors

  • Mike Lynch · Primary
  • Shannon Bird · Primary
  • Chris Hansen · Primary
  • Cleave Simpson · Primary

Sponsorship breakdown

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4 sponsors · 0 co-sponsors · 98 not signed on · 7 voted No

Sponsors (4)

Co-sponsors (0)

None.

Not signed on (98)

98 members have not signed on to this bill.

Show all 98 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

BILL

Passed 58 Yea · 7 Nay
Party YeaNayPresentNot Voting
Democrat 33000
Unaffiliated 18200
Republican 7500
Total 58700
% of votes cast 89%11%0%0%
How each member voted (65)
Member Party Vote
Armagost — Yea
Bird — Yea
Bockenfeld — Nay
Dickson — Yea
Epps — Yea
Evans — Yea
Gonzales-Gutierrez — Yea
Herod — Yea
Holtorf — Yea
Lynch — Yea
McLachlan — Yea
Ortiz — Yea
Parenti — Yea
Pugliese — Yea
Sharbini — Yea
Vigil — Yea
Winter T. — Nay
Young — Yea
Michaelson Jenet — Yea
deGruy Kennedy — Yea
Alex Valdez Democrat Yea
Andrew Boesenecker Democrat Yea
Bob Marshall Democrat Yea
Brianna Titone Democrat Yea
Cathy Kipp Democrat Yea
Eliza Hamrick Democrat Yea
Elizabeth Velasco Democrat Yea
Emily Sirota Democrat Yea
Iman Jodeh Democrat Yea
Javier Mabrey Democrat Yea
Jennifer Bacon Democrat Yea
Jenny Willford Democrat Yea
Judy Amabile Democrat Yea
Julie McCluskie Democrat Yea
Junie Joseph Democrat Yea
Karen McCormick Democrat Yea
Kyle Brown Democrat Yea
Lindsey Daugherty Democrat Yea
Lorena Garcia Democrat Yea
Mandy Lindsay Democrat Yea
Marc Snyder Democrat Yea
Matthew Martinez Democrat Yea
Meg Froelich Democrat Yea
Meghan Lukens Democrat Yea
Mike Weissman Democrat Yea
Monica Duran Democrat Yea
Naquetta Ricks Democrat Yea
Regina English Democrat Yea
Sheila Lieder Democrat Yea
Steven Woodrow Democrat Yea
Tammy Story Democrat Yea
Tisha Mauro Democrat Yea
William Lindstedt Democrat Yea
Anthony Hartsook Republican Yea
Brandi Bradley Republican Nay
Ken DeGraaf Republican Nay
Lisa Frizell Republican Yea
Lynda Zamora Wilson Republican Nay
Marc Catlin Republican Yea
Mary Bradfield Republican Yea
Matt Soper Republican Yea
Rick Taggart Republican Yea
Ron Weinberg Republican Yea
Scott Bottoms Republican Nay
Stephanie Luck Republican Nay

Official roll call →

BILL

Passed 32 Yea · 2 Nay · 1 Other
Party YeaNayPresentNot Voting
Republican 4100
Democrat 13000
Unaffiliated 15101
Total 32201
% of votes cast 91%6%0%3%
How each member voted (35)
Member Party Vote
Buckner — Yea
Fields — Yea
Gardner — Yea
Ginal — Yea
Hansen — Yea
Lundeen — Yea
Moreno — Yea
Pelton B. — Yea
Pelton R. — Not Voting
Priola — Yea
Smallwood — Yea
Will — Yea
Zenzinger — Yea
Fenberg — Yea
Jaquez Lewis — Yea
Van Winkle — Nay
Winter F. — Yea
Chris Kolker Democrat Yea
Dylan Roberts Democrat Yea
James Coleman Democrat Yea
Janice Marchman Democrat Yea
Jeff Bridges Democrat Yea
Jessie Danielson Democrat Yea
Julie Gonzales Democrat Yea
Kyle Mullica Democrat Yea
Lisa Cutter Democrat Yea
Nick Hinrichsen Democrat Yea
Robert Rodriguez Democrat Yea
Tom Sullivan Democrat Yea
Tony Exum Democrat Yea
Barbara Kirkmeyer Republican Yea
Cleave Simpson Republican Yea
Janice Rich Republican Yea
Larry Liston Republican Yea
Mark Baisley Republican Nay

Official roll call →

Subjects

taxation labor technology
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 23-066 do?
The act extends the advanced industry export acceleration program, which was scheduled to end on January 1, 2025, and the advanced industries acceleration grant program, which was scheduled to end on July 1, 2024, by 10 years. Through March 1, 2023, the state treasurer annually credited to the advanced industries acceleration cash fund an amount equal to one-half of the bioscience and clean technology income tax withholding growth. The act extends this funding mechanism by 2 years. Additionally, the advanced industry export acceleration program allows a qualifying business that meets certain eligibility criteria to receive an international export development expense reimbursement. The act removes the eligibility criterion that requires a qualifying business to show a profit during the last fiscal year. APPROVED by Governor May 17, 2023 EFFECTIVE August 7, 2023 NOTE: This act was passed without a safety clause and takes effect 90 days after sine die. (Note: This summary applies to this bill as enacted.)
Who sponsors SB 23-066?
SB 23-066 is sponsored by Mike Lynch, Shannon Bird, Chris Hansen, and Cleave Simpson (Republican).
What is the current status of SB 23-066?
This bill has been enacted into law. Introduced January 23, 2023. Enacted.
Where can I track SB 23-066?
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Last checked for changes 3 months ago · updated continuously

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