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PUBLIC
BILL SUMMARY For HB24-1157

HOUSE COMMITTEE ON FINANCE
Date Mar 18, 2024       Location HCR 0112

HB24-1157 - Amended, referred to House Appropriations


06:16:54 PM  
Representatives Lindstedt and Vigil, co-prime sponsors, presented House Bill 24-1157.  The bill codifies the Employee Ownership Office in the Office of Economic Development and International Trade and creates an income tax credit for certain costs incurred by new employee-owned businesses.  The bill sponsors distributed amendments L.003 (Attachment N) and L.004 (Attachment O), and responded to questions from the committee.
06:21:09 PM  
Nikki Maloney, representing the Office of Economic Development and International Trade, testified in support of the bill.
06:28:08 PM  
Jason Wiener, representing themself, testified in support of the bill.
06:30:34 PM  
Sandy Shoemaker, representing themself, testified in support of the bill.
06:33:12 PM  
Douglas Dell, representing themself, testified in support of the bill.

06:37:30 PM
Motion Adopt amendment L.003 (Attachment N).
Moved Lindstedt
Seconded Joseph
deGruy Kennedy
Frizell
Garcia
Holtorf
Kipp
Lindstedt
Marshall
Soper
Weinberg
Joseph
Snyder
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection

06:38:25 PM
Motion Adopt amendment L.004 (Attachment O).
Moved Lindstedt
Seconded Kipp
deGruy Kennedy
Frizell
Garcia
Holtorf
Kipp
Lindstedt
Marshall
Soper
Weinberg
Joseph
Snyder
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection
06:38:27 PM  
The bill sponsors made closing remarks.

06:41:34 PM
Motion Refer House Bill 24-1157, as amended, to the Committee on Appropriations.
Moved Lindstedt
Seconded Kipp
deGruy Kennedy Yes
Frizell No
Garcia Yes
Holtorf Yes
Kipp Yes
Lindstedt Yes
Marshall No
Soper Yes
Weinberg No
Joseph Yes
Snyder Yes
Final YES: 8   NO: 3   EXC: 0   ABS:  0   FINAL ACTION:  PASS