Colorado HB1065 establishes the Transit Investment Area Act, allowing local governments to apply for state sales tax increment revenue to finance.

Colorado HB1065 creates the Transit Investment Area Act, which allows local governments to apply for state sales tax increment revenue to finance transit investment projects. The bill defines transit investment areas, transit investment authorities, and financing entities. It outlines the application process, criteria for approval, and the role of the Colorado Economic Development Commission. The bill also establishes a tax credit for affordable housing in transit and housing investment zones, administered by the Colorado Housing and Finance Authority.

Colorado HB1065 establishes the Transit Investment Area Act, allowing local governments to apply for state sales tax increment revenue to finance.

Colorado HB1065 creates the Transit Investment Area Act, which allows local governments to apply for state sales tax increment revenue to finance transit investment projects. The bill defines transit investment areas, transit investment authorities, and financing entities. It outlines the application process, criteria for approval, and the role of the Colorado Economic Development Commission. The bill also establishes a tax credit for affordable housing in transit and housing investment zones, administered by the Colorado Housing and Finance Authority.