h_fin_2017a_2017-05-08t12:12:58z1 Hearing Summary

Date: 05/08/2017

Location: LSB A

12:17 PM -- SB17-287



Representative Garnett, prime sponsor, presented Senate Bill 17-287, which creates an income tax credit for contributions made to an endowment of a Colorado charitable organization.



12:19 PM -- Former Representative Renny Fagan, representing the Colorado Nonprofit Association, testified in support of the bill.



12:24 PM -- Ms. Megan Ledin, representing the Grand Foundation, testified in support of the bill.



12:27 PM -- Ms. Joanne Kelley, representing the Colorado Association of Funders, testified in support of the bill.





12:33 PM



The witnesses answered committee questions.



12:35 PM -- Ms. Ali Mickelson, representing the Colorado Fiscal Institute, testified in opposition to the bill. Ms. Mickelson distributed a handout illustrating the adjusted gross income of Iowa households with endowment tax credit claims (Attachment B). She responded to committee questions. Representative Garnett also responded to committee questions.



17HouseFin0508AttachB.pdf



12:44 PM -- Ms. Amber Egbert, representing the Department of Revenue, came to the table to address questions from the committee.



12:46 PM -- Ms. Kate Watkins, Legislative Council Staff, came to the table to respond to questions about the bill's prepared fiscal note.





12:49 PM



Representative Garnett and members of the committee made closing remarks on the bill.