HB 25-1005 - Establishes a $34 Million Filming Tax Credit - Colorado Key Vote
Timeline
- Executive Signed
- April 30, 2025
- Senate Bill Passed
- March 28, 2025
- House Bill Passed
- March 13, 2025
- Introduced
- Jan. 8, 2025
Related Issues
Stage Details
Title: Establishes a $34 Million Filming Tax Credit
Signed by Governor Jared Polis
Title: Establishes a $34 Million Filming Tax Credit
Vote Smart's Synopsis:
Vote to pass a bill that establishes a $34 million state filming tax credit in Colorado.
Highlights:
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Establishes a new refundable tax credit only if at least one qualified film festival with a multi-decade operating history and a verifiable track record of attracting 100,000 or more in-person ticket sales and over 10,000 out-of-state and international attendees (global film festival) commences the relocation of the festival to Colorado by January 1, 2026 (Sec. 1-2).
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Specifies upon relocation, for calendar years commencing on or after January 1, 2027, but before January 1, 2037, the maximum aggregate amount of refundable tax credits that any qualified global film festival entity is eligible to receive is $34 million and the maximum aggregate amount that all existing or small Colorado festival entities collectively may receive is $5 million (Sec. 1-2).
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Specifies that the provisions of this bill shall take effect immediately following 90 days after passage and approval by the Governor (Sec. 3).
Title: Establishes a $34 Million Filming Tax Credit
Vote Smart's Synopsis:
Vote to pass a bill that establishes a $34 million state filming tax credit in Colorado.
Highlights:
-
Establishes a new refundable tax credit only if at least one qualified film festival with a multi-decade operating history and a verifiable track record of attracting 100,000 or more in-person ticket sales and over 10,000 out-of-state and international attendees (global film festival) commences the relocation of the festival to Colorado by January 1, 2026 (Sec. 1-2).
-
Specifies upon relocation, for calendar years commencing on or after January 1, 2027, but before January 1, 2037, the maximum aggregate amount of refundable tax credits that any qualified global film festival entity is eligible to receive is $34 million and the maximum aggregate amount that all existing or small Colorado festival entities collectively may receive is $5 million (Sec. 1-2).
-
Specifies that the provisions of this bill shall take effect immediately following 90 days after passage and approval by the Governor (Sec. 3).
Title: Establishes a $34 Million Filming Tax Credit
- Shannon Bird (CO - D) (Out Of Office)
- Andrew Boesenecker (CO - D)
- Jeff Bridges (CO - D)
- Kyle Brown (CO - D)
- Sean Camacho (CO - D)
- Michael Carter (CO - D)
- Marc Catlin (CO - R)
- James Rashad Coleman (CO - D)
- Lisa A. Cutter (CO - D)
- Thomas 'Tony' Exum Sr. (CO - D)
- Meg Froelich (CO - D)
- Iman Jodeh (CO - D)
- Junie Joseph (CO - D)
- Cathy Kipp (CO - D)
- Barbara J. Kirkmeyer (CO - R)
- Sheila Lieder (CO - D)
- Mandy Lindsay (CO - D)
- William Lindstedt (CO - D) (Out Of Office)
- Karen McCormick (CO - D)
- Dafna Michaelson Jenet (CO - D) (Out Of Office)
- Kyle Mullica (CO - D)
- Jacque Phillips (CO - D)
- Janice Rich (CO - R)
- Dylan Roberts (CO - D)
- Gretchen Jeannette Rydin (CO - D)
- Cleave Simpson (CO - R)
- Emily Lipp Sirota (CO - D)
- Lesley Smith (CO - D)
- Marc A. Snyder (CO - D)
- Matt Soper (CO - R)
- Katie Stewart (CO - D)
- Rebekah Stewart (CO - D)
- Alex Valdez (CO - D)
- Steven Woodrow (CO - D)