Gov. Polis and legislative leaders this week announced plans for a special legislative session to address COVID-19 relief, which could provide assistance to some small businesses in Colorado.
The call for the special session was announced Thursday, setting a November 3oth start date. A few primary topics have emerged, which closely mirror certain aspects of Gov. Polis’ COVID-19 stimulus plan in his latest budget proposal
- Small business relief
- This includes $105 million for small business relief and assistance, $50 million in sales tax retention for bars and restaurants, and $55 million in direct emergency assistance.
- Housing assistance ($50 million)
- These funds would be focused on the Property Owner Preservation Program and Emergency Housing Assistance Program.
- Support for Child Care providers ($50 million)
- Expanded broadband access for students ($20 million)
When asked why a special session was needed now rather than waiting for the regular session to commence in January, House Speaker-elect Alec Garnett said that “January will be too late for small businesses,” expressing an urgency to expedite these relief packages. Speaker-elect Garnett also criticized the U.S. Congress for its failure to pass a federal COVID relief bill this fall.
The special session is expected to brief. The Colorado Chamber will continue to provide updates on how potential legislation will impact the business community.