CLICS/CLICS2022A/commsumm.nsf
PUBLIC
BILL SUMMARY For HB22-1149
HOUSE COMMITTEE ON FINANCE
Date Feb 28, 2022
Location HCR 0112
HB22-1149 - Amended, referred to House Appropriations
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04:09:14 PM |
The committee took
a brief recess.
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04:19:09 PM |
The committee returned
to order. Representative Bird, sponsor, presented House Bill 22-1149.
This bill extends the Advanced Industry Investment Income Tax Credit
Program for five income tax years (2023 through 2027) and increases the
amount of state income tax credits from $750,000 to $4.0 million each year.
If the full $4.0 million amount is not certified for allocation of the
credit, it may be certified in future tax years. In addition, the bill
increases the amount of the tax credit from 30 percent of qualified investments
made in rural or economically distressed areas to 35 percent.
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04:26:15 PM |
Mr. Jack Tiebaut, representing the Colorado Office of Economic Development and International Trade, joined the committee to respond to questions only.
Mr. Ned Harvey, representing the Colorado Cleantech Industries Association, testified in support of the bill.
Adam Burg, representing Denver Metro Chamber of Commerce & Colorado Competitive Council (C3), testified in support of the bill.
Mrs. Elyse Blazevich, representing the Colorado BioScience Association, testified in support of the bill.
The witnesses responded to questions from the committee.
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04:44:33 PM |
The committee continued to discuss the bill with the witness panel.
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04:51:18 PM |
Representative Bird
distributed amendments L.001 (Attachment G) and L.002 (Attachment H).
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04:52:49 PM
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Motion |
Adopt amendment L.001 (Attachment G). |
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| Moved |
Bird |
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| Seconded |
Kipp |
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Benavidez |
Yes |
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Daugherty |
Yes |
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Gray |
Yes |
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Kipp |
Yes |
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Luck |
No |
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Rich |
Yes |
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Sandridge |
No |
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McKean |
Excused |
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Tipper |
Yes |
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Snyder |
Yes |
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Bird |
Yes |
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YES: 8 NO: 2 EXC: 1 ABS: 0 FINAL ACTION: PASS |
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04:53:16 PM
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Motion |
Adopt amendment L.002 (Attachment H). |
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| Moved |
Bird |
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| Seconded |
Kipp |
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Benavidez |
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Daugherty |
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Gray |
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Kipp |
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Luck |
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Rich |
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Sandridge |
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McKean |
Excused |
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Tipper |
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Snyder |
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Bird |
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YES: 0 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: Pass Without Objection |
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04:56:31 PM |
Members of the committee commented about their positions on the bill.
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04:58:03 PM
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Motion |
Refer House Bill 22-1149, as amended, to the Committee on Appropriations. |
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| Moved |
Bird |
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| Seconded |
Gray |
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Benavidez |
Yes |
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Daugherty |
Yes |
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Gray |
Yes |
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Kipp |
Yes |
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Luck |
No |
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Rich |
Yes |
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Sandridge |
No |
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McKean |
Excused |
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Tipper |
Yes |
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Snyder |
Yes |
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Bird |
Yes |
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Final |
YES: 8 NO: 2 EXC: 1 ABS: 0 FINAL ACTION: PASS |
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