8BAAD305D2A6B35C8725823500728FA7 Hearing Summary CLICS/CLICS2018A/commsumm.nsf PUBLICBILL SUMMARY For HB18-1185HOUSE COMMITTEE ON BUSINESS AFFAIRS AND LABORDate Feb 15, 2018 Location LSB A HB18-1185 - Referred to House Finance Attachment Tag File Name Attachment B http://www2.leg.state.co.us/CLICS/CLICS2018A/commsumm.nsf/0/1E08CC0BAD41...$File/18HouseBus0215AttachB.pdf?OpenElement 18HouseBus0215AttachB.pdf Attachment A http://www2.leg.state.co.us/CLICS/CLICS2018A/commsumm.nsf/0/7D69E6B8DD73...$File/18HouseBus0215AttachA.pdf?OpenElement 18HouseBus0215AttachA.pdf 01:51:19 PM The committee recessed. 01:55:26 PM The committee reconvened. Representatives Kraft-Tharp and Wist introduced House Bill 18-1185. The bill changes how multi-state corporate income taxpayers apportion income from the sales of services and intangible property to Colorado. A handout was distributed to the committee [Attachment A]. The bill sponsors responded to questions from the committee. 02:05:59 PM Stephanie Copeland, Office of Economic Development and International Trade, testified in support of the bill. She responded to questions from the committee. A map of state corporate income tax apportionment methods was distributed to the committee [Attachment B]. 02:08:28 PM Bruce Nelson, Metro Development Corporation, Denver Metro Chamber of Commerce, and Colorado Competitive Council, testified in support of the bill. 02:12:24 PM Loren Furman, Colorado Association of Commerce and Industry, testified in support of the bill. 02:15:14 PM Mr. Nelson responded to questions from the committee. 02:20:30 PM Motion Refer House Bill 18-1185 to the Committee on Finance. Moved Kraft-Tharp Seconded Van Winkle Arndt Yes Coleman Yes Garnett Yes Gray Yes Liston Yes Rosenthal Yes Sandridge Yes Sias Yes Thurlow Yes Van Winkle Yes Williams D. Yes Winter Yes Kraft-Tharp Yes Final YES: 13 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS