ColoradoTax Incentive for Film Festivals
What it does
The act creates a new refundable tax credit only if at least one qualified film festival entity 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 entity) commences the relocation of the festival to Colorado by January 1, 2026. 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. A film festival entity is allowed a tax credit for each tax year in which the film festival entity hosts a film festival in Colorado, and may be allowed an additional tax credit in the subsequent tax year with respect to any qualified expenditures incurred in the year the film festival entity hosted the film festival in Colorado.
More detail
(Note: This summary applies to this bill as enacted.)
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Apr 8Governor Jared Polis SignedBecame Law
- Apr 4Sent to the GovernorTo Governor
- Apr 3Signed by the President of the Senate
- Apr 2Signed by the Speaker of the House
- Mar 28Senate Third Reading Passed - No AmendmentsPassed Senate
- Vote recorded BILL. Result: pass.Upper
- Mar 27Senate Second Reading Special Order - Passed - No Amendments
- Vote recorded ADOPT REPORT. Result: pass.Upper
- Mar 26Senate Committee on Appropriations Refer Unamended to Senate Committee of the WholeMinor
- Mar 25Senate Committee on Finance Refer Unamended to AppropriationsMinor
- Mar 18Introduced In Senate - Assigned to FinanceMinor
- Mar 13House Third Reading Passed - No AmendmentsPassed House
- Vote recorded BILL. Result: pass.Lower
- Mar 12House Second Reading Special Order - Passed with Amendments - Committee, Floor
- Vote recorded AMD. Result: fail.Lower
- Vote recorded AMD. Result: fail.Lower
- Vote recorded AMD. Result: fail.Lower
- Mar 11House Second Reading Laid Over Daily - No Amendments
- Mar 7House Committee on Appropriations Refer Unamended to House Committee of the WholeMinor
- Feb 6House Committee on Finance Refer Amended to AppropriationsMinor
- Jan 29House Committee on Business Affairs & Labor Refer Unamended to FinanceMinor
- Jan 8Introduced In House - Assigned to Business Affairs & LaborIntroduced