Representative Kraft-Tharp and Representative Esgar introduced House Bill 20-1298. The bill extends the number of tax years that the Colorado Economic Development Commission may allow certain businesses to treat specific income tax credits as transferable income tax credits.

The bill sponsors responded to questions from the committee.

Jeff Kraft, Office of Economic Development and International Trade (OEDIT), testified in support of the bill. Mr. Kraft provided a handout to the committee (Attachment A).

Ken Jensen, OEDIT, made himself available to the committee for questions.

Erin Hackett, EVRAZ Rocky Mountain Steel, testified in support of the bill.

Jeff Shaw, Pueblo Economic Development Corporation and the Economic Development Council of Colorado, testified in support of the bill.

Mr. Kraft responded to questions from the committee.

Sam Bailey, Metro Denver Economic Development Corporation, testified in support of the bill.

The bill sponsors made closing remarks on the bill.