Yesterday, 153 new laws went to effect in Colorado. Without getting into industry-specific issues, I believe human-owned businesses, in general, will be most interested in:
Parental Leave. House Bill 1057 has received a great deal of attention, both positive and negative. This law, which only applies to companies with 50 or more workers, grants 18 hours of unpaid leave annually to parents to allow them to attend to their children’s educational activities.
Tax Credits for Jobs. Colorado has a major economic development push in House Bill 101. Political and business leadership tout it as an economic development game-changer.
Under this law tax credits will be available for businesses creating as few as 5 new jobs in rural Colorado and 20 in the remainder of the state. If you are thinking about the opportunities that come with a crisis, this might be one to look at in detail.
A Little Recruiting Help. When you recruit an employee from out-of-state, House Bill 1063 may give you a little help. Under this law, high school seniors who moved to Colorado because of a parent’s new job will be eligible for in-state tuition at our state universities.
Paycheck Fines. Not that this would happen to you, House Bill 110 has new penalties that apply to Colorado employers that bounce paychecks.
Golf Carts & Insurance. This one almost slipped by, but on further reflection I think you and your business should think first before taking advantage of House Bill 1026 allowing the use of golf carts and other “Neighborhood Electric Vehicles” on streets with speed limits of 35 mph and less. I hear through some insurance advisors that golf cart owners may not have the proper liability or casualty insurance needed for operating a golf cart outside of a golf course. Check with your insurance advisor to see that both the business and the employee have the correct insurance before allowing someone to zip off on a company errand.
These are just the barest highlights. See your business attorney for the details.
Thursday, August 6, 2009
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