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A5CC487B3450DDC787258C5E006C2167 Hearing Summary




PUBLIC
BILL SUMMARY For HB25-1296

HOUSE COMMITTEE ON FINANCE
Date Mar 31, 2025      
Location HCR 0112



HB25-1296 - Lay Over
01:41:09 PM  
Representatives Garcia and Zokaie, co-prime sponsors, presented House Bill 25-1296. The bill makes various changes to Colorado income tax policy, including income tax credits and exemptions, and the tax treatment of certain insurance companies. The chair announced that the bill would be laid over after witness testimony.
02:00:54 PM  
Members of the committee questioned the bill sponsors.
02:01:32 PM  
Melissa Mares, representing
the Colorado Children's Campaign, testified in support of the bill. Caroline
Nutter, representing the Colorado Fiscal Institute, testified in support
of the bill. Joshua Mantell, representing the Bell Policy Center, testified
in support of the bill. Josh Pens, representing the Department of Revenue,
was available to answer committee questions. The witnesses responded to
questions from the committee.
02:25:04 PM  
Bill Mueldener, representing
the Colorado Technology Association, testified in opposition to the bill.
Mr. Joe Thesing, representing USAA, testified in opposition to the bill.
Richard Orf, representing Associated Governments of Northwest Colorado,
testified in opposition to the bill. Mrs. Johnna Reeder Kleymeyer, representing
the Colorado Springs Chamber Economic Development Council, testified in
opposition to the bill. The panel of witnesses responded to questions from
the committee.
02:40:32 PM  

Grier Bailey, representing Colorado-Wyoming Petroleum Marketers Association, testified in opposition to the bill. Mark Medina, representing the Colorado Chamber of Commerce, testified in opposition to the bill. Austin Wilson-Bradley, representing the Downtown Partnership of Colorado Springs, testified in opposition to the bill. Mr. Greg Fulton, representing the Colorado Motor Carriers Association, testified to amend the bill. Natalie Menten, representing herself, testified in opposition to the bill. Michael Plachy, representing the Colorado Competitive Counsel, testified in opposition to the bill. The panel of witnesses responded to questions from the committee.  



Written testimony about the bill is included as Attachment A.