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h_ed_2018a_2018-03-12t13:31:26z2 Hearing Summary




PUBLIC
BILL SUMMARY For HB18-1217

HOUSE COMMITTEE ON EDUCATION
Date Mar 12, 2018      
Location HCR 0112



HB18-1217 - Referred to House Finance


02:23:38 PM  
Representatives Van Winkle and Garnett
presented and summarized House Bill 18-1217 concerning income tax credits
for employer 529 contributions. The sponsors answered questions from the
committee.
02:34:06 PM  
Elizabeth Cheever, representing the Colorado Fiscal Institute, spoke in opposition to the bill. She discussed her concerns with the bill. Ms. Cheever answered questions from the committee.
02:42:50 PM  

Brendon Reese, representing the Department of Revenue, was neutral on the bill. He discussed the bill's fiscal note. Mr. Reese answered questions from the committee.

02:47:52 PM  

Geoff Leopold, representing the Westminster Chamber of Commerce, spoke in favor of the bill.  He discussed current college savings plans.  Mr. Leopold answered questions from the committee.

02:54:53 PM  

Shawna Simcik, representing Innovate Coach Consult, spoke in favor of the bill.  She discussed her experience as a small business owner.  Ms. Simcik answered questions from the committee.

03:00:16 PM  

Dorothy Ostrogorski, representing Denver Metro Chamber of Commerce, spoke in favor of the bill.  She discussed the benefit of 529 contributions.

03:01:54 PM  

Carl Larson, representing the National Association of Insurance and Financial Advisors, spoke in favor of the bill.

03:04:12 PM  
Phil Ross, representing himself, spoke in favor of the bill.
03:09:24 PM  
The sponsors provided closing comments of the bill. The members provided closing comments.


03:13:50 PM
Motion Refer House Bill 18-1217 to the Committee on Finance.
Moved Garnett
Seconded Lundeen
Bridges Yes
Everett No
Exum Yes
Garnett Yes
Lee Yes
Leonard Yes
Lundeen Yes
McLachlan Yes
Reyher Yes
Sias Yes
Wilson Yes
Buckner Yes
Pettersen Yes
Final YES: 12   NO: 1   EXC: 0   ABS:  0   FINAL ACTION:  PASS