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SB10-133: Saga of Colorado’s Rehire Tax-Credit Bill Continues

Editor’s Note: State Bill premium subscribers may listen to or download the entire House Business Affairs Committee meeting by clicking on the player below.

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Those of you following along at home may remember that at its inception long, long ago, SB 133 — sponsored by Democratic Sens. Rollie Heath of Boulder and Chris Romer of Denver — originally was a tax credit targeted narrowly at employers who hire back people whom they laid off in 2009, The Denver Business Journal reports. Employers who brought the unemployed back by May 31 were to get a 67 percent FICA tax credit — about $2,400 on an average-wage worker — and those who rehired by Sept. 30 were to get a 33 percent credit.

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