F7BEE78A00B60A4D87258226005D8731 Hearing Summary

Representative Garnett, prime sponsor, presented House Bill 18-1013, which creates an income tax credit for contributions made to an endowment of a Colorado charitable organization in tax years 2019 through 2021.

Ms. Elizabeth Cheever, representing the Colorado Fiscal Institute, testified in opposition to the bill and addressed questions from the committee.

Mr. Renny Fagan, representing the Colorado Nonprofit Association, testified in support of the bill. He also responded to questions from the committee.

Ms. Jo-Ann Scharmann, representing Mile High United Way, testified in support of the bill.

Ms. Erin Pulling, representing Project Angel Heart, testified in support of the bill.

Ms. Victoria McVicker, representing SafeHouse Denver, testified in support of the bill.

Ms. McVicker responded to committee questions.

Representative Garnett commented on witness testimony and committee questions.

Ms. Joann Kelley, representing the Colorado Association of Funders, testified in support of the bill. Ms. Kelley distributed a handout about charitable deductions in Colorado [Attachment B].

Mr. Brendon Reese, representing the Department of Revenue, came to the table to answer committee questions.

Representative Garnett and Mr. Reese continued to respond to committee questions.

Representative Garnett made some closing remarks on the bill.

Members of the committee commented on the merits of the bill.