Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.
| State or Territory: | Colorado |
| Effected Jurisdiction: | Colorado |
Jurisdiction type: | State or Territory |
| Fiscal year ending In: | 2019 |
| Program name: | Reginal Tourism Act |
| Program purpose: | Tourism development |
| Statutory authority: | Sections 24-46-301 through 309 C.R.S. |
| Abating jurisdiction(s): | State of Colorado |
| Applicable taxes: | Sales Tax |
| Method of abatement: | Tax diversion |
| Provisions for recapture: | Recipients must follow the EDC resolution based on their application, and must build certain required elements and improvements and follow conditions established by the EDC. The provision for recapturing abated taxes is a formal decision by the EDC concluding the project has not commenced within five years. |
| Gross revenue loss: | $8,767,200 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $8,767,200 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://osc.colorado.gov/financial-operations/financial-reports/acfr |
