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s_sa_2018a_2018-04-30t14:38:45z4 Hearing Summary




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


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.
04:28:57 PM  
Senator Hill responded to committee member questions.
04:34:46 PM  
Kathy White, representing the Colorado
Fiscal Institute, testified against the bill.
04:36:08 PM  
Carl Larson, representing the National Association of Insurance and Financial Advisors, testified in support of the bill.
04:38:32 PM  

Dawn Gustafson, representing Anton, Collins, Mitchell, LLP, testified in support of the bill.

04:40:30 PM  
Ms. White and Ms. Gustafson answered committee
questions.
04:41:43 PM  
Gloria Higgins, representing Executives
Partnering to Invest in Children, testified in support of the bill.
04:48:24 PM  
Sue Rinner, representing Early Learning
Ventures, testified in support of the bill.
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.
04:53:01 PM  
Senator Hill presented amendment L.001 [Attachment K] and amendment L.004 [Attachment L].


04:59:28 PM
Motion Adopt amendment L.001 [Attachment K].
Moved Hill
Seconded
Court
Fenberg
Hill
Sonnenberg
Marble
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


04:59:40 PM
Motion Adopt amendment L.004 [Attachment L].
Moved Hill
Seconded
Court
Fenberg
Hill
Sonnenberg
Marble
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


05:00:01 PM
Motion Refer Senate Bill 18-265, as amended, to the Committee on Finance.
Moved Hill
Seconded
Court No
Fenberg No
Hill Yes
Sonnenberg Yes
Marble Yes
Final YES: 3   NO: 2   EXC: 0   ABS:  0   FINAL ACTION:  PASS