H_FIN_2024A 02/26/2024 02:06:09 PM Committee Summary

Representatives Rutinel and Weissman, co-sponsors, presented House Bill 24-1134. The bill expands the state earned income tax credit, expands and modifies the state child care expenses tax credit, and modifies requirements for corporations filing a combined tax return. The sponsors distributed a fact sheet (Attachment A) and amendments L.001 (Attachment B) and L.003 (Attachment C).

Joshua Mantell, representing The Bell Policy Center, testified in support of the bill.

Caroline Nutter, representing Colorado Fiscal Institute, testified in support of the bill.

Ms. Chaer Robert, representing the Colorado Center on Law and Policy, testified in support of the bill.

Mar Galvez Seminario, representing the Colorado Organization for Latina Opportunity and Reproductive Rights, testified in support of the bill.

Mr. Michael Ruddock, representing the Adams County Health Department, testified in support of the bill.

Ms. Ebony White, representing Clayton Early Learning, testified in support of the bill.

Mr. Don Griswold, representing the Center on Budget and Policy Priorities, testified in support of the bill.

Evie Hudak, representing Colorado PTA, testified in support of the bill.

Josh Pens, representing the Department of Revenue, was available to answer committee questions.

Natalie Menten, representing herself, testified in opposition to the bill. She responded to questions from the committee.

The bill sponsors wrapped up their presentation of the bill and asked for a favorable recommendation.

Representatives Mabrey and Weissman, co-sponsors, presented House Bill 24-1148. The bill clarifies that limits on finance charges authorized by current law also apply to nondepository institutions. The bill sponsors distributed a fact sheet (Attachment E) and amendment L.001 (Attachment F).

The committee discussed the bill with the sponsors at length.

Danny Katz, representing Colorado Public Interest Research Group, testified in support of the bill.

Ms. Andrea Kuwik, representing The Bell Policy Center, testified in support of the bill.

Melissa Mejia, representing the Community Economic Defense Project, testified in support of the bill.

Ms. Ellen Harnick, representing the Center For Responsible Lending, testified in support of the bill.

The witness panel responded to questions from the committee.

Chris McKinley, representing Lendmark, testified in opposition to the bill.

Mr. Austin Clancy, representing OneMain Financial, testified in opposition to the bill.

David Cardella, representing the Colorado Independent Auto Dealers Association, testified in opposition to the bill.

Ms. Danielle Arlowe, representing the American Financial Services Association, testified in opposition to the bill.

The panel of witnesses responded to questions from the committee.

Mr. John Euwema, representing the Consumer Credit Industry Association, testified in opposition to the bill. Committee members received handouts from the Consumer Credit Industry Association and the Colorado Financial Services Association (Attachments G, H, and I).

Mr. Phillip Holt, representing Conn's HomePlus, testified in opposition to the bill.

Alison Morgan, representing Colorado Bankers Association, testified to amend the bill.

The bill sponsors wrapped up their presentation of the bill and asked for a favorable recommendation.

The committee took a brief recessed.

Mr. Michael Steppat, representing Colorado Public Employees’ Retirement Association, was available to answer committee questions.

The committee continued to question Mr. Steppat.

Rob Prince, representing himself, testified in support of the bill.

Ms. Nancy Fay, representing themself, testified in support of the bill.

Mr. Carson Bryant, representing themself, testified in support of the bill.

Mr. Andrew Thompson, representing themself, testified in support of the bill.

The witness panel responded to questions from the committee.

Mr. Tamir Goldstein, representing the Anti-Defamation League, testified in opposition to the bill.

Ms. Elise Mordos, representing themself, testified in opposition to the bill.

Mr. Elliot Fladen, representing themself, testified in opposition to the bill.

Ms. Barbara Steinmetz, representing themself, testified in opposition to the bill.

The panel of witnesses responded to committee questions.

Dr. Terry Burnsed, representing the Colorado May Day Club, testified in support of the bill.

Kathleen Gegner, representing themself, testified in support of the bill.

Ms. Yosr Jlidi, representing the Colorado Palestine Coalition, testified in support of the bill.

Flanders Lorton, representing themself, testified in support of the bill.

The panel of witnesses responded to questions from the committee.

Jonathan Schanzer, representing themself, testified in opposition to the bill.

Emily Hyatt, representing Rocky Mountain Rabbis and Cantors, testified in opposition to the bill.

Dawn Reinfeld, representing Stop Antisemtism Colorado, testified in opposition to the bill.

The panel of witnesses responded to questions from the committee.

Shannon Bucci, representing themself, testified in support of the bill.

Khalid Saeed, representing themself, testified in support of the bill.

Mr. Emmett Blaney, representing themself, testified in support of the bill.

Ms. Sandie Weathers, representing themself, testified in support of the bill.

Brandon Rattiner, representing the Jewish Community Relations Council, testified in opposition to the bill.

Mr. David Foster, representing themself, testified in opposition to the bill.

Ms. Macy Miller, representing herself, testified in opposition to the bill.

Ms. Miche Bacher, representing herself, testified in opposition to the bill.

Ms. Miri Kornfeld , representing herself, testified in opposition to the bill.

Mary Lochmann, representing themself, testified in support of the bill.

Giselle Herzfeld, representing the Rocky Mountain Peace and Justice Center, testified in support of the bill.

Dr. Reema Wahdan, representing the Colorado Palestine Club, testified in support of the bill.

Ms. Hana Fageeh, representing herself, testified in support of the bill.

Melinda Kassen, representing themself, testified in opposition to the bill.

Mr. Scott Wasserman, representing themself, testified in opposition to the bill.

Dr. Cheris Kline Berlinberg, representing herself, testified in opposition to the bill.

Dan Leshem, representing the Jewish Community Relations Council, testified in opposition to the bill.

Anaya Robinson, representing the ACLU of Colorado, testified in support of the bill.

Ms. Giselle Arroyo, representing herself, testified in support of the bill.

Carina Henry, representing themself, testified in support of the bill.

Ms. Brenna Schaetzle, representing themself, testified in support of the bill.

The panel of witnesses responded to questions from the committee.

Ms. Susan Rona, representing herself, testified in opposition to the bill.

Ms. Tara Winer, representing themself, testified in opposition to the bill.

Dr. Adam Berlinberg, representing himself, testified in opposition to the bill.

Mr. Mike Rollin, representing himself, testified in opposition to the bill.

Adrienne Crowe, representing herself, testified in opposition to the bill.

Mr. Moses Graytower, representing himself, testified in support of the bill.

Oak Slater, representing themself, testified in support of the bill.

Dr. Michael Neil, representing himself, testified in support of the bill.

Shaaden Salem, representing herself, testified in support of the bill.

Mr. Tal Diamant, representing himself, testified in opposition to the bill.

Mr. Daniel Markofsky, representing themself, testified in opposition to the bill.

Mr. Danny Foster, representing himself, testified in opposition to the bill.

Ms. Amy Kaufman, representing herself, testified in opposition to the bill.

Ms. Sarah Golombek, representing herself, testified in opposition to the bill.

Grace Thorvilson, representing the Colorado Palestine Coalition, testified in support of the bill.

Ms. Rhiannon Wenning , representing herself, testified in support of the bill.

Mr. John Crowe, representing himself, testified in support of the bill.

Mr. Alex Scott, representing himself, testified in support of the bill.

Ms. Claire Diamant-Yefet, representing herself, testified in opposition to the bill.

Ms. Ofer Guez, representing himself, testified in opposition to the bill.

Ms. Evelinda Urman , representing herself, testified in opposition to the bill.

Hezy Shalev, representing himself, testified in opposition to the bill.

Mr. Joel Greenberg, representing himself, testified in support of the bill.

Mr. Adal Raja, representing himself, testified in support of the bill.

Mr. Paul Williams, representing himself, testified in support of the bill.

Maryah Lauer, representing herself, testified in support of the bill.

David Bayer, representing the Colorado Springs Peoples Association, testified in support of the bill.

Mr. Marc Diamant, representing himself, testified in opposition to the bill.

Ms. Shimrit Yacobi, representing herself, testified in opposition to the bill.

Mr. Sharon Shabtai, representing himself, testified in opposition to the bill.

Ms. Dikla Leon, representing herself, testified in opposition to the bill.

Ms. Tammi Gitin, representing herself, testified in opposition to the bill.

Mr. Andronik Mamayan, representing himself, testified in opposition to the bill.

Ms. Emily Hernandez-El Murr, representing herself, testified in support of the bill.

Mr. Jeffrey Muhlrad, representing himself, testified in support of the bill.

Marwan Shaher, representing himself, testified in support of the bill.

Mr. Brian Friedman, representing themself, testified in opposition to the bill.

Ms. Richard Galdierri, representing himself, testified in opposition to the bill.

Ms. Jacqueline Sprinces Wong, representing herself, testified in opposition to the bill.

Mr. Jason Zickerman, representing himself, testified in opposition to the bill.

Eldad Malka, representing himself, testified in opposition to the bill.

Mr. Shehab Elhaddad, representing himself, testified in support of the bill.

Ms. Dara Ollman, representing Jewish Voice for Peace, testified in support of the bill.

Ms. Maddy Hughes, representing themself, testified in opposition to the bill.

Ms. Marcella Schieffelin, representing herself, testified in opposition to the bill.

Ms. Yasmine Halas, representing herself, testified in opposition to the bill.

Donna LaBelle, representing herself, testified in opposition to the bill.

Rainbow Dragonfly, representing themself, testified in opposition to the bill.

Ms. Judy Papenfuss, representing herself, testified in opposition to the bill.

Mr. Steven Papenfuss, representing himself, testified in opposition to the bill.

Mr. Adam Lenox, representing himself, testified in support of the bill.

Brad Bruce, representing himself, testified in support of the bill.

Karyna Lemus, representing herself, testified in support of the bill.

Mr. Ilan Levy, representing himself, testified in opposition to the bill.

Representative Epps made closing remarks and asked for a favorable recommendation.

Members of the committee made comments about their positions on the bill.