Representatives Lindstedt and Taggart, co-prime sponsors, presented House Bill 25-1021. The bill creates two state income tax deductions and a new income tax credit, and also extends and modifies the current Employee Ownership Tax Credit. The sponsors distributed amendment L.002 (Attachment A).

The bill sponsors responded to questions from the committee.

Camden Fahnline, representing himself, testified in opposition to the bill. Ms. Hunter Nelson, representing Small Business Majority, testified in support of the bill. Mr. Michael Gifford, representing Associated General Contractors of Colorado, testified in support of the bill. Mrs. Nikki Maloney, representing the Office of Economic Development and International Trade (OEDIT), testified in support of the bill. The panel of witnesses responded to committee questions.