SB 18-103

  • Colorado Senate Bill
  • 2018 Regular Session
  • Introduced in Senate Feb 15, 2018
  • Passed Senate Feb 14, 2018
  • Passed House Mar 06, 2018
  • Signed by Governor Mar 15, 2018

Issuance Of Performance-based Incentives For Film

Abstract

Legislative Audit Committee. The bill strengthens the requirements necessary to earn performance-based incentives for film production activities in the state by: Requiring a production company that originates production activities in Colorado to have engaged in production activities in the state for other projects in the 12 months prior to applying for the performance-based incentive for a new project, and if the production company creates a business entity for the sole purpose of conducting production activities in the state, requiring the manager of the business to be a resident of the state for 12 consecutive months as of the date of applying for a performance-based incentive as well as defining a manager as someone with decision-making authority to give permission or 'go-ahead' to move forward with a project; Requiring a production company to provide documentation to prove that the production company meets the statutory definition of 'originates'; Requiring the production company's certified public accountant to provide in his or her written report documentation of the production company's expenditures, including the qualified local expenditures, and documentation that proves that the production company hired the necessary workforce to qualify for the performance-based incentive; Requiring the office of economic development (office) to conduct a review of the certified public accountant's written report to ensure the statutory requirements are met; Requiring the office to develop a list of certified public accountants that meet the statutory requirements and make the list available to all production companies as well as post it on the office of economic development's website; and Specifying that the office shall not issue a performance-based incentive to a production company until the production company and the office have entered into a contract in accordance with the procurement code. The bill also specifies that if a performance-based incentive is erroneously or improperly issued to a production company for any reason, the office is required to engage the services of the attorney general to recover from the production company any amount of the performance-based incentive that was erroneously or improperly issued. The bill also requires the Colorado economic development commission to annually schedule an orientation with the staff of the office in order to receive an official overview of the statutory requirements for a production company to earn a performance-based incentive for film production in Colorado. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More

Bill Sponsors (4)

Votes


Actions


Mar 15, 2018

Office of the Governor

Governor Signed

Mar 12, 2018

Office of the Governor

Sent to the Governor

House

Signed by the Speaker of the House

Mar 09, 2018

Senate

Signed by the President of the Senate

Mar 06, 2018

House

House Third Reading Passed - No Amendments

Mar 05, 2018

House

House Second Reading Passed - No Amendments

Mar 02, 2018

House

House Second Reading Laid Over to 03/05/2018 - No Amendments

Feb 27, 2018

House

House Committee on Business Affairs and Labor Refer Unamended to House Committee of the Whole

  • Referral-Committee
  • Committee-Passage
Business Affairs and Labor House Committee of the Whole

Feb 15, 2018

House

Introduced In House - Assigned to Business Affairs and Labor

  • Introduction
Business Affairs and Labor

Feb 14, 2018

Senate

Senate Third Reading Passed - No Amendments

Feb 13, 2018

Senate

Senate Second Reading Passed - No Amendments

Feb 08, 2018

Senate

Senate Committee on Finance Refer Unamended - Consent Calendar to Senate Committee of the Whole

  • Committee-Passage
Finance

Jan 22, 2018

Senate

Introduced In Senate - Assigned to Finance

  • Introduction
Finance

Bill Text

Bill Text Versions Format
Committee Amendment PDF
Introduced (01/22/2018) PDF
Engrossed (02/13/2018) PDF
Reengrossed (02/14/2018) PDF
Revised (03/05/2018) PDF
Rerevised (03/06/2018) PDF
Final Act (03/12/2018) PDF
Signed Act (03/15/2018) PDF

Related Documents

Document Format
Fiscal Note FN1 (01/29/2018) PDF
Fiscal Note FN2 (07/17/2018) PDF

Sources

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