Representatives Zokaie and Sirota provided introductory remarks for House Bill 26-1221. The bill modifies two state tax expenditures, creates a new corporate income tax addback, and establishes a new state income tax credit.

The bill sponsors responded to questions from the committee.

Meghan Raynes, representing the Colorado Education Association, testified in support of the bill. Joshua Mantell, representing The Bell Policy Center, testified in support of the bill. Ms. Jena Joiner, representing the Colorado Children's Campaign, testified in support of the bill. Evie Hudak, representing the Colorado PTA, testified in support of the bill.

Members of the panel responded to questions from the committee.

Members of the panel responded to questions from the committee.

Caroline Nutter, representing the Colorado Fiscal Institute, testified in support of the bill. Khatira Amn, representing the Spring Institute For Intercultural Learning, testified in support of the bill. Zach Martinez, representing Gary Advocacy, testified in support of the bill.

Mrs. Alicia Gelinas, representing the Colorado Society of CPAs, testified in opposition to the bill. Mr. Phillip Horwitz, representing the Colorado Chamber of Commerce, Tax Council, testified in opposition to the bill. Mrs. Erin Meschke, representing themself, testified in opposition to the bill.

The bill sponsors introduced L.002  (Attachment B).

The bill sponsors introduced L.003 (Attachment C).

The bill sponsors provided closing remarks for House Bill 26-1221.