h_fin_2016a_2016-04-13t13:32:26z3 Hearing Summary

Date: 04/13/2016

04:11 PM -- HB16-1332



Representative Duran and Representative Rankin, co-prime sponsors, introduced House Bill 16-1332. Effective tax year 2017, the bill changes two refundable income tax credits in current law: the innovative motor vehicle credit and the innovative truck credit. The bill changes the computation of certain tax credits, discontinues certain categories, and allows the transfer of the credits to a financing entity. Representative Duran distributed amendment L.002 (Attachment E) and a handout (Attachment F) to the committee.



16HouseFin0413AttachE.pdf 16HouseFin0413AttachF.pdf



04:18 PM -- Mr. Nigel Zeid, representing Boulder Nissan, testified in support of the bill.



04:21 PM -- Mr. Sherrie Merrow, representing Noble Energy Inc., testified in support of the bill.



04:23 PM -- Mr. Luke Walch, representing himself, testified against the bill. He answered several committee questions.



04:35 PM -- Mr. Eric Myers, representing DOR, came to the table to answer committee questions.



04:38 PM -- Mr. Andrew Sand, representing the Colorado Energy Office, came to the table to answer committee questions. Committee discussion ensued on the tax credit for used vehicles.