h_fin_2017a_2017-02-27t13:30:40z1 Hearing Summary

Date: 02/27/2017

Location: LSB A

01:40 PM -- HB17-1002



Representatives Pettersen and Exum, co-prime sponsors, presented House Bill 17-1002, which extends the existing tax credit for child care expenses made by low-income taxpayers for tax years 2017, 2018, and 2019. The tax credit is limited to qualifying taxpayers with a federal adjusted gross income of less than $25,000. The credit is equal to 25 percent of the taxpayer's child care expenses and is capped at a maximum amount of $500 for a single dependent or $1,000 for two or more dependents. Dependents must be under age 13. The tax credit is refundable, meaning the amount of the credit that exceeds the taxpayer's income tax liability must be refunded to the taxpayer. Representatives Pettersen and Exum addressed questions from the committee.



01:50 PM -- Ms. Ali Mickelson, representing the Colorado Fiscal Institute, testified in support of the bill. Ms. Mickelson responded to questions from the committee.



01:56 PM -- Ms. Stephanie Bruno, representing the Women's Foundation of Colorado, testified in support of the bill. Ms. Bruno responded to a question from the committee.



02:01 PM -- Mr. Jeff Weist, representing the Colorado Competitive Council, testified in support of the bill.



02:03 PM -- Ms. Kim Schulz, representing YMCA of Metropolitan Denver, testified in support of the bill.



02:06 PM -- Ms. Suzanne Manning, representing Florence Crittenton Services of Colorado, testified in support of the bill.



02:08 PM -- Ms. Brenda Delgado, representing herself as a graduate of Florence Crittenton Services of Colorado, testified in support of the bill.



02:10 PM -- Senator Evie Hudak, representing Colorado PTA, testified in support of the bill.





02:12 PM



Representatives Pettersen and Exum made some closing remarks on the bill.

02:19 PM



The committee recessed.