The Safe and Accurate Food Labeling Act Passes U.S. House with Bipartisan Vote
End of Session Report
This year, the advanced industries were of primary focus for many legislators in the House and in the Senate as well as a priority for Gov. Hickenlooper. Three big bills dealing with the Advanced Industries were pursued, but only two lived through the process.
CBSA Policy Update May 5
On Wednesday, the Colorado General Assembly will meet for the last time in 2014, with several legislators bidding their final farewell to the golden dome and others heading straight for the campaign trail. The 2014 session has been filled with the usual rollercoaster of issues, but legislation impacting the bioscience industry was able to successfully maneuver through the process.
CBSA Policy Update April 21
On Thursday, 24th the Advanced Industry Angel Investor Tax Credit, HB14-1012, will make its debut in the Senate at a hearing in the Finance Committee. Please take a moment to reach out to your Senator and explain the importance of start-up capital and angel investing, you can find your Senator here.
CBSA Policy Update April 7
Last week the Colorado Senate spent the majority of their time working through the state's budget HB14-1336, aptly referred to as the Long Bill. The state's $23 billion budget remained fairly unchanged from the House version, although state Senators stripped $10 million from the Advanced Industry Accelerator Grant Program. While this action is of concern to industry, the House and Senate will come together for Conference Committee where final negotiations will be made. The CBSA along with our partner industry associations will make sure that the committee understands the importance of the AI Grant Program and the promising achievements that have been seen through the original Bioscience Discovery Evaluation Grant Program (BDEGP), of which the AI grant was born.
Budget constraints have plagued many of the tax incentives that are making their way through the legislative process, HB14-1325 the Sales Tax Refund For Clean Tech & Medical Devices unfortunately did not pass through the House Finance Committee late last week. This will be an issue that CBSA and the Colorado Cleantech Industry Association will look to pursue in future legislative years. The Advanced Industry Angel Investor Tax Credit, HB14-1012, is awaiting a hearing in House Appropriations but will likely receive decreased funding for the first few years of the program. The Advanced Industries Workforce Development Program, HB14-1013, successfully passed through the House today and will now commence its journey in the Senate.
Please see Bill Matrix for additional legislation CBSA is monitoring.
If you have any questions or would like further information, please contact Leah Lindahl, Vice President, LLindahl@cobioscience.com.
CBSA Policy Update March 31
Now that the budget passed through the House last week, legislation impacting the biosceince industry that has been sitting stagnant is now in full motion again. The Senate will begin debate on the $23 billion budget passed by the House which proposes increases funding to schools, colleges, and the state's rainy day fund.
CBSA Policy Update March 24
This week the Colorado Legislature will be primarily focused on the state budget, otherwise known as the "long Bill." The legislation will be introduced in the House Monday, and head to committee Tuesday, where legislators will decide on the exact details of the budget. Legislation impacting the bioscience industry will be at the discretion of these debates and decisions. Many of these decisions will solidify in the next few weeks, please follow the linked Bill Tracker for additional information and updates.
CBSA Policy Update March 17
As the Colorado General Assembly begins the second half of the 2014 legislative session, they not only prepare for the arrival of Spring but also for the release of the revenue forecast due on March 18th. The majority of legislation impacting the bioscience industry remains at a standstill until the Joint Budget and Appropriations Committees have a chance to review the projections and implications that are within the March report. The three focused Advanced Industry (AI) Bills – HB 1012 Angel Investor Tax Credit, HB 1011 Grant Funding and HB 1013 Internship Assistance – will each be heard in the House Appropriations Committee in early April.
CBSA Policy Update March 10
As staff from Colorado Legislative Council prepare for the quarterly budget forecast, the majority of state legislation directly impacting the bioscience industry remains stagnant as the House Appropriations Committee awaits the final report. The upcoming revenue forecast will provide the General Assembly with figures around state spending in relation to revenue, and determine the amount of excess revenue. Legislation awaiting a hearing in Appropriations include House Bill 1011 Advanced Industry Economic Development Funding, HB 1012 Advanced Industry Investment Income Tax Credit, House Bill 1013 Advanced Industries Workforce Development Program, each of which CBSA is supportive.
CBSA Policy Update March 3
House Bill 1012, the Advanced Industries Investment Tax Credit, being led by the CBSA and CCIA was heard in the House Finance Committee on February 27th and passed with a 7 to 5 vote. The legislation will now move to the House Appropriations Committee which will vote on HB 1012, along with several other tax credit bills, following the state's fiscal projections are publicized in March.
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