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h_fin_2017a_2017-04-26t11:48:57z0 Hearing Summary

Date: 04/26/2017

Location:

Final

BILL SUMMARY for HB17-1356



HOUSE COMMITTEE ON FINANCE


Votes: View--> Action Taken:
Adopt amendment L.001 (Attachment A). The motion p

Adopt amendment L.002 (Attachment B). The motion p

Refer House Bill 17-1356, as amended, to the Commi




PASS







11:49 AM -- HB17-1356



The meeting was called to order. A quorum was present. Speaker Duran and Representative Esgar, co-prime sponsors, presented House Bill 17-1356, which authorizes the Colorado Economic Development Commission to allow certain businesses to treat specific income tax credits as transferable income tax credits. The bill sponsors responded to committee questions.





11:59 AM



Mr. Louis Pino, Legislative Council Staff, answered questions about the bill's prepared fiscal note.



12:07 PM --
Mr. Jeff Kraft, representing the Governor's Office of Economic Development and International Trade, testified in support of the bill. Mr. Kraft responded to questions from the committee.



12:23 PM --
Mr. Sam Bailey, representing the Jefferson County Economic Development Corporation, testified in support of the bill and responded to questions from the committee.



12:28 PM --
Mr. Nicholas Colglazier, representing the Colorado Competitive Council, testified in support of the bill.



12:31 PM --
Mr. Charles Perko, representing Evraz Rocky Mountain Steel Employees, testified in support of the bill.





12:34 PM



Representative Esgar distributed and explained amendment L.001 and L.002 (Attachments A and B, respectively).



17HouseFin0426AttachA.pdf17HouseFin0426AttachA.pdf 17HouseFin0426AttachB.pdf17HouseFin0426AttachB.pdf

BILL: HB17-1356
TIME: 12:36:35 PM
MOVED: Kennedy
MOTION: Adopt amendment L.001 (Attachment A). The motion passed without objection.
SECONDED: Michaelson Jenet
VOTE
Beckman
Benavidez
Catlin
Covarrubias
Gray
Herod
Kennedy
Lawrence
Michaelson Jenet
Thurlow
Van Winkle
Foote
Pabon
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION:




BILL: HB17-1356
TIME: 12:37:01 PM
MOVED: Kennedy
MOTION: Adopt amendment L.002 (Attachment B). The motion passed without objection.
SECONDED: Michaelson Jenet
VOTE
Beckman
Benavidez
Catlin
Covarrubias
Gray
Herod
Kennedy
Lawrence
Michaelson Jenet
Thurlow
Van Winkle
Foote
Pabon
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION:





12:37 PM



The bill sponsors made closing remarks on the bill.

BILL: HB17-1356
TIME: 12:41:04 PM
MOVED: Kennedy
MOTION: Refer House Bill 17-1356, as amended, to the Committee on Appropriations. The motion passed on a vote of 12-0.
SECONDED: Herod
VOTE
Beckman
Yes
Benavidez
Yes
Catlin
Excused
Covarrubias
Yes
Gray
Yes
Herod
Yes
Kennedy
Yes
Lawrence
Yes
Michaelson Jenet
Yes
Thurlow
Yes
Van Winkle
Yes
Foote
Yes
Pabon
Yes
Final YES: 12 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS














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