H_FIN_2024A 02/29/2024 09:54:11 AM Committee Summary

Minority Leader Pugliese, sponsor, presented House Bill 24-1144. For 2024 and 2025 only, the bill creates a state income tax credit for a home seller who buys down the buyer's mortgage interest rate at closing. She distributed amendment L.001 (Attachment A) and responded to questions from the committee.

Rachel Lee, representing the Colorado Association of Home Builders, testified in support of the bill.

Greg Sobestski, representing Legislative Council Staff, was available to respond to committee questions about the fiscal notes.

Alison Morgan, representing the Colorado Bankers Association, testified in support of the bill.

Mr. Sobestski spoke at length about the tax credit offered in the bill.

The Minority Leader made closing comments and asked for a favorable recommendation.

Representative Hernandez, prime sponsor, presented House Bill 24-1105. The bill creates the Chicana/o special license plate. He distributed amendment L.002 (Attachment B) and responded to questions from the committee.

The committee continued to discuss the bill with Representative Hernandez.

Veneno Montoya, representing the Chicano Student Movement of Aztlan, testified in support of the bill.

Alan Cabral, representing himself, testified in support of the bill.

Mr. BENJAMIN CHAVEZ, representing himself, testified in support of the bill.

Ms. Shirley Romero Otero, representing the Move Mountains Youth Project Inc., testified in support of the bill.

Mr. Jose Ortega, representing El Movimiento Sigue, testified in support of the bill.

Ms. Neva Martinez Ortega, representing herself, testified in support of the bill.

Denise Torrez, representing El Movimiento Sigue, testified in support of the bill.

Larysa Medina, representing herself, testified in support of the bill.

Dr. Victoria Obregon, representing herself, testified in support of the bill.

Dr. Jonathan Alcantar, representing the Department of Chicano/a Studies at the University of Northern Colorado, testified in support of the bill.

Ms. Ayisela Ortega, representing herself, testified in support of the bill.

Ms. Deborah Espinosa, representing El Movimiento Sigue, testified in support of the bill.

Tonio LeFebre, representing himself, testified in support of the bill.

Mr. Leo Tanguma, representing himself, testified in support of the bill.

Representative Hernandez wrapped up his presentation of the bill and asked for a favorable recommendation. Members of the committee commented about their positions on the bill.

Representatives Soper and Valdez, co-sponsors, presented House Bill 24-1125. The bill creates a new refundable tax credit for 2026 through 2035 for expenditures related to the conversion of a commercial structure to a residential structure. The sponsors distributed amendments L.002 (Attachment C) and L.003 (Attachment D) and responded to committee questions.

Mr. Todd Matuszewicz, representing himself, testified to amend the bill.

Ms. Barbara Pahl, representing Historic Denver, testified to amend the bill.

Ms. Tamara Pogue, representing Counties & Commissioners Acting Together (CCAT), testified to amend the bill.

Kinsey Hasstedt, representing Enterprise Community Partners, testified to amend the bill.

Mr. Brian Rossbert, representing Housing Colorado, testified to amend the bill.

The panel of witnesses responded to question from the committee.

Ms. Ariel Steele, representing Tax Credit Connection, testified in support of the bill.

Hannah Gutner, representing the Office of Economic Development and International Trade, testified in support of the bill.

Patrick Eidman, representing History Colorado, testified in support of the bill.

Ms. Beverly Stables, representing the Colorado Municipal League, testified in support of the bill.

The panel of witnesses responded to questions from the committee.

Britt Diehlt, representing the Downtown Denver Partnership, testified in support of the bill.

Martin Goldstein, representing himself, testified in support of the bill.

Ms. Renee Larrarte, representing Conservation Colorado, testified in support of the bill.

Mr. Michael Passas, representing American Council of Engineering Companies of Colorado, testified in support of the bill.

Alison Morgan, representing the Colorado Bankers Association, testified in support of the bill.

The panel of witnesses responded to questions from the committee.  Additional written public testimony is included as Attachment E.

The bill sponsors made closing remarks.