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8BAAD305D2A6B35C8725823500728FA7 Hearing Summary




PUBLIC
BILL SUMMARY For HB18-1185

HOUSE COMMITTEE ON BUSINESS AFFAIRS AND LABOR
Date Feb 15, 2018      
Location LSB A



HB18-1185 - Referred to House Finance


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






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