Colorado § 39-30.5-102 Legislative declaration

Colorado Statutes

§ 39-30.5-102 — Legislative declaration

Colorado § 39-30.5-102

Title 39Taxation

Art.Rural Jump-start Zone Act

This text of Colorado § 39-30.5-102 (Legislative declaration) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 39-30.5-102 (2026).

Text

(1)The general assembly hereby finds and declares that:

(a)While overall there are improvements to the Colorado economy, there still exists a significant contraction of local economies in certain areas of the state;

(b)Importantly, those areas are experiencing increased economic downturn as measured by changes in such factors as population, employment, weekly wage, assessed value of all property, and concentration of pupils eligible for free lunch; and

(c)Colorado's many diverse aspects are what make it such a unique and wonderful state, with varying economic sectors and regions making its strength greater than the sum of its parts. It is imperative that all sectors of the state be kept independently strong and be given the chance to improve, prosper, and contribute to the

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(1) The general assembly hereby finds
and declares that:

(a) While overall there are improvements to the Colorado economy, there still
exists a significant contraction of local economies in certain areas of the state;

(b) Importantly, those areas are experiencing increased economic downturn
as measured by changes in such factors as population, employment, weekly wage,
assessed value of all property, and concentration of pupils eligible for free lunch;
and

(c) Colorado's many diverse aspects are what make it such a unique and
wonderful state, with varying economic sectors and regions making its strength
greater than the sum of its parts. It is imperative that all sectors of the state be
kept independently strong and be given the chance to improve, prosper, and
contribute to the whole, from which all benefit. The general assembly is committed
to reaching out to all such areas to ensure this goal is met.

(2) The general assembly further finds and declares that:

(a) Establishing certain rural jump-start zones is best suited to bring about
the economic vitality so critically needed in those regions;

(b) Extending the Rural Jump-start Zone Act for another five-year period is
necessary to meet the purpose of the act, which is to create or retain jobs in order
to help address the still significant contraction of local economies in certain areas
of the state; and

(c) When the state auditor evaluates the tax expenditures in the Rural
Jump-start Zone Act as required in section 39-21-305, the evaluation can rely on
clear, relevant, and ascertainable metrics and data provided by the commission
pursuant to section 39-30.5-107.

(3) The general assembly finds that, by attracting businesses that are
completely new to Colorado, economic growth will occur in distressed counties
without negatively impacting other areas of the state and, while certain taxes, such
as business personal property taxes, will not be collected within the rural jump-start zone, the net impact of those uncollected taxes will result in a net positive
impact to the state, the distressed county, and the interested municipality.

Legislative History

Source: L. 2015: Entire article added, (SB 15-282), ch. 186, p. 607, � 1, effective May 13. L. 2020: (2) amended, (HB 20-1003), ch. 234, p. 1130, � 1, effective September 14.