CLICS/CLICS2018A/commsumm.nsf
PUBLIC
BILL SUMMARY For SB18-265
SENATE COMMITTEE ON STATE, VETERANS, & MILITARY AFFAIRS
Date Apr 30, 2018
Location SCR 357
SB18-265 - Amended, referred to Senate Finance
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04:24:55 PM |
Senator Hill, sponsor, presented Senate Bill 18-265 to the committee. The bill creates a state income tax credit for moneys deposited in a child care savings account, and a state income tax deduction for interest earned in the account.
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04:28:57 PM |
Senator Hill responded to committee member questions.
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04:34:46 PM |
Kathy White, representing the Colorado
Fiscal Institute, testified against the bill.
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04:36:08 PM |
Carl Larson, representing the National Association of Insurance and Financial Advisors, testified in support of the bill.
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04:38:32 PM |
Dawn Gustafson, representing Anton, Collins, Mitchell, LLP, testified in support of the bill.
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04:40:30 PM |
Ms. White and Ms. Gustafson answered committee
questions.
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04:41:43 PM |
Gloria Higgins, representing Executives
Partnering to Invest in Children, testified in support of the bill.
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04:48:24 PM |
Sue Rinner, representing Early Learning
Ventures, testified in support of the bill.
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04:51:38 PM |
Brendan Reese, representing the Department
of Revenue, testified on the bill from a neutral perspective. Mr.
Reese responded to committee member questions.
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04:53:01 PM |
Senator Hill presented amendment L.001 [Attachment K] and amendment L.004 [Attachment L].
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04:59:28 PM
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Motion |
Adopt amendment L.001 [Attachment K]. |
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| Moved |
Hill |
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| Seconded |
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Court |
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Fenberg |
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Hill |
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Sonnenberg |
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Marble |
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YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection |
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04:59:40 PM
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Motion |
Adopt amendment L.004 [Attachment L]. |
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| Moved |
Hill |
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| Seconded |
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Court |
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Fenberg |
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Hill |
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Sonnenberg |
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Marble |
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YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection |
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05:00:01 PM
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Motion |
Refer Senate Bill 18-265, as amended, to the Committee on Finance. |
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| Moved |
Hill |
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| Seconded |
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Court |
No |
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Fenberg |
No |
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Hill |
Yes |
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Sonnenberg |
Yes |
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Marble |
Yes |
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Final |
YES: 3 NO: 2 EXC: 0 ABS: 0 FINAL ACTION: PASS |
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