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DBFD2A3B4B918FF887258AD200673E45 Hearing Summary




PUBLIC
BILL SUMMARY For HB24-1125

HOUSE COMMITTEE ON FINANCE
Date Feb 29, 2024      
Location HCR 0112



HB24-1125 - Amended, referred to House Appropriations


11:47:45 AM  
Representatives Soper and Valdez, co-sponsors, presented House Bill 24-1125. The bill creates a new refundable tax credit for 2026 through 2035 for expenditures related to the conversion of a commercial structure to a residential structure. The sponsors distributed amendments L.002 (Attachment C) and L.003 (Attachment D) and responded to committee questions.
12:12:41 PM  
Mr. Todd Matuszewicz, representing himself, testified to amend the bill.
12:16:48 PM  
Ms. Barbara Pahl, representing Historic Denver, testified to amend the bill.
12:19:06 PM  
Ms. Tamara Pogue, representing Counties & Commissioners Acting Together (CCAT), testified to amend the bill.
12:22:05 PM  
Kinsey Hasstedt, representing Enterprise Community Partners, testified to amend the bill.
12:24:56 PM  
Mr. Brian Rossbert, representing Housing Colorado, testified to amend the bill.
12:27:44 PM  
The panel of witnesses responded to question from the committee.
12:33:00 PM  
Ms. Ariel Steele, representing Tax Credit Connection, testified in support of the bill.
12:36:06 PM  
Hannah Gutner, representing the Office of Economic Development and International Trade, testified in support of the bill.
12:38:36 PM  
Patrick Eidman, representing History Colorado, testified in support of the bill.
12:42:31 PM  
Ms. Beverly Stables, representing the Colorado Municipal League, testified in support of the bill.
12:43:45 PM  
The panel of witnesses responded to questions from the committee.
12:44:07 PM  
Britt Diehlt, representing the Downtown Denver Partnership, testified in support of the bill.
12:54:26 PM  
Martin Goldstein, representing himself, testified in support of the bill.
12:57:41 PM  
Ms. Renee Larrarte, representing Conservation Colorado, testified in support of the bill.
12:59:31 PM  
Mr. Michael Passas, representing American Council of Engineering Companies of Colorado, testified in support of the bill.
01:03:01 PM  
Alison Morgan, representing the Colorado Bankers Association, testified in support of the bill.
01:04:45 PM  

The panel of witnesses responded to questions from the committee.  Additional written public testimony is included as Attachment E.



01:15:27 PM
Motion Adopt amendment L.002 (Attachment C).
Moved Soper
Seconded Garcia
deGruy Kennedy
Frizell
Garcia
Hartsook
Kipp
Lindstedt
Marshall
Soper
Weinberg
Joseph
Snyder
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


01:16:02 PM
Motion Adopt amendment L.003 (Attachment D).
Moved Soper
Seconded Garcia
deGruy Kennedy
Frizell
Garcia
Hartsook
Kipp
Lindstedt
Marshall
Soper
Weinberg
Joseph
Snyder
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection
01:16:25 PM  
The bill sponsors made closing remarks.


01:27:21 PM
Motion Refer House Bill 24-1125, as amended, to the Committee on Appropriations.
Moved Soper
Seconded Lindstedt
deGruy Kennedy No
Frizell Yes
Garcia No
Hartsook Yes
Kipp Yes
Lindstedt Yes
Marshall Yes
Soper Yes
Weinberg Yes
Joseph Yes
Snyder Yes
Final YES: 9   NO: 2   EXC: 0   ABS:  0   FINAL ACTION:  PASS






The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details