Location: LSB A
Final
BILL SUMMARY for HB16-1089
HOUSE COMMITTEE ON FINANCE
BILL SUMMARY for HB16-1089
HOUSE COMMITTEE ON FINANCE
| Votes: View--> | Action Taken: |
| Adopt amendment L.001 (Attachment C). The motion p Adopt amendment L.002 (Attachment B). The motion p Refer House Bill 16-1089, as amended, to the Commi |
Pass Without Objection Pass Without Objection PASS |
10:56 AM -- HB16-1089
Representative Moreno, sponsor, introduced House Bill 16-1089. The bill creates an income tax credit for contributions made to an endowment of a Colorado charitable organization. Eligible endowment funds do not include donor advised funds or funds for a private foundation. The credit is equal to 25 percent of the contribution and the maximum credit allowed is $25,000 per taxpayer per year. The credit is nonrefundable, but can be carried forward for five years, and is available starting in tax year 2016. Representative Moreno distributed amendment L.002 (Attachment B) to the committee. Representative Court distributed amendment L.001 (Attachment C) to the committee.
11:03 AM -- Ms. Ali Mickelson, representing the Colorado Fiscal Institute, came to the table to testify against the bill.
11:09 AM -- Mr. Renny Fagan, representing the Colorado Nonprofit Association, came to the table to testify in support of the bill. He distributed a handout to the committee (Attachment D). He mentioned that Mile High United Way and Jewish Colorado support the bill.
11:20 AM -- Ms. Marla Williams, representing Community First Foundation, came to the table to testify in support of the bill.
11:24 AM -- Ms. Mary Pat Rooney, representing the Denver Museum of Nature and Science, came to the table to testify in support of the bill.
11:27 AM -- Ms. Lydia McCoy, representing Ray of Hope Cancer Foundation, came to the table to testify in support of the bill.
11:31 AM -- Ms. Joanne Kelley, representing Colorado Association of Funders, came to the table to testify in support of the bill.
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| BILL: | HB16-1089 | |
| TIME: | 11:35:21 AM | |
| MOVED: | Court | |
| MOTION: | Adopt amendment L.001 (Attachment C). The motion passed without objection. | |
| SECONDED: | Pabon | |
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VOTE |
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Becker K. |
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Conti |
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Garnett |
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Kagan |
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Pabon |
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Priola |
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Roupe |
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Van Winkle |
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Wilson |
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Foote |
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Court |
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YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection
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| BILL: | HB16-1089 | |
| TIME: | 11:35:41 AM | |
| MOVED: | Court | |
| MOTION: | Adopt amendment L.002 (Attachment B). The motion passed without objection. | |
| SECONDED: | Pabon | |
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VOTE |
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Becker K. |
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Conti |
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Garnett |
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Kagan |
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Pabon |
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Priola |
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Roupe |
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Van Winkle |
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Wilson |
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Foote |
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Court |
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YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection
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| BILL: | HB16-1089 | |
| TIME: | 11:36:07 AM | |
| MOVED: | Kagan | |
| MOTION: | Refer House Bill 16-1089, as amended, to the Committee on Appropriations. The motion passed on a vote of 9-2. | |
| SECONDED: | Garnett | |
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VOTE |
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Becker K. |
Yes |
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Conti |
Yes |
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Garnett |
Yes |
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Kagan |
Yes |
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Pabon |
Yes |
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Priola |
Yes |
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Roupe |
Yes |
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Van Winkle |
No |
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Wilson |
Yes |
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Foote |
Yes |
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Court |
No |
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Final YES: 9 NO: 2 EXC: 0 ABS: 0 FINAL ACTION: PASS
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