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h_fin_2018a_2018-03-14t10:04:36z3 Hearing Summary




PUBLIC
BILL SUMMARY For HB18-1217

HOUSE COMMITTEE ON FINANCE
Date Mar 14, 2018      
Location LSB A



HB18-1217 - Amended, referred to House Appropriations


10:40:41 AM  
Representatives Van Winkle and Garnett, co-prime sponsors, presented House Bill 18-1217, which creates a new state income tax credit for employers who contribute to an employee's 529 qualifying savings plan administered by CollegeInvest. The bill sponsors distributed amendment L.001 [Attachment A].
10:44:59 AM  
Ms. Elizabeth Cheever, representing the Colorado Fiscal Institute, testified in opposition to the bill. Ms. Cheever responded to questions from the committee. Representative Garnett also responded to a question from the committee.
11:01:09 AM  
Ms. Angela Baier, representing College Invest, addressed questions from the committee.


11:08:18 AM
Motion Adopt amendment L.001 [Attachment A].
Moved Van Winkle
Seconded Gray
Beckman
Benavidez
Covarrubias
Gray
Kennedy
Kraft-Tharp
Lawrence
Michaelson Jenet
Sandridge
Thurlow
Van Winkle
Foote
Pabon
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


11:09:55 AM
Motion Adopt amendment L.002 [Attachment B].
Moved Van Winkle
Seconded Gray
Beckman
Benavidez
Covarrubias
Gray
Kennedy
Kraft-Tharp
Lawrence
Michaelson Jenet
Sandridge
Thurlow
Van Winkle
Foote
Pabon
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection
11:09:56 AM  
Representative Kennedy discussed amendment L.005 [Attachment C].
11:10:40 AM  
The bill sponsors made some closing remarks on the bill.


11:11:59 AM
Motion Refer House Bill 18-1217, as amended, to the Committee on Appropriations.
Moved Van Winkle
Seconded Gray
Beckman Yes
Benavidez No
Covarrubias Yes
Gray Yes
Kennedy Yes
Kraft-Tharp Yes
Lawrence Yes
Michaelson Jenet Yes
Sandridge Yes
Thurlow No
Van Winkle Yes
Foote Yes
Pabon Yes
Final YES: 11   NO: 2   EXC: 0   ABS:  0   FINAL ACTION:  PASS