In what might be another critical step in the development for Colorado’s ambition to become a quantum initiative center, a bill to incentivize the adoption of quantum tech in that state has passed its third reading in the Senate without any amendments earlier this week.

The passage of its third reading means that the bill has cleared a critical legislative hurdle in the state Senate. It has maintained its original form without any alterations, and will now move on to the next step in the legislative process.

Supporters say this legislative success is a hopeful sign of the state’s backing of its quantum technology ecosystem with strategic tax incentives, among other programs and initiatives. The bill introduces tax credit programs aimed at fostering the development of quantum technology in Colorado, contingent upon the state securing substantial federal funding.

Corban Tillemann-Dick, CEO of Maybell and Co-Founder of Elevate Quantum, is excited about this next step in the process, as well as the overall program, which he says will significantly boost the growing quantum ecosystem in that state. The program is only part of the investment potential generated by the bill.

Read the entire article on the official Quantum Insider website by clicking here.