h_fin_2016a_2016-03-09t13:36:21z4 Hearing Summary

Date: 03/09/2016

04:38 PM -- HB16-1301



Representative Garnett, sponsor, introduced House Bill 16-1301. The bill provides a state income tax credit to taxpayers that employ workers that are either preparing for or participating in a qualified pre-apprenticeship or an apprenticeship program. The credit is available for tax years 2018 through 2020 and is capped at $1 million per tax year and $3 million in total. An employer may receive up to $2,500 for each pre-apprentice and $5,000 for each apprentice. The credit is nonrefundable and may be carried forward for five years. The Colorado Department of Labor and Employment will issue, administer, and create the application requirements and guidelines for the income tax credit certificates. Representative Garnett distributed amendment L.001 (Attachment I).



16HouseFin0309AttachI.pdf



04:43 PM -- Mr. Jon Kinning, representing RK Mechanical, testified in support of the bill and answered committee questions.



05:02 PM -- Mr. Noel Ginsburg, representing Intertech Plastics and Business in Schools and Collaboration (BASIC), testified in support of the bill.



05:13 PM -- Mr. Phil Hayes, representing the United Association of Plumbers and the International Brotherhood of Electrical Workers, testified in support of the bill.