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PUBLIC
BILL SUMMARY For HB25-1021

SENATE COMMITTEE ON FINANCE
Date May 1, 2025       Location SCR 357

HB25-1021 - Amended, referred to Senate Appropriations


01:22:49 PM  
Senator Bridges introduced House Bill 25-1302. The bill creates two state income tax deductions, a new income tax credit, and also extends and modifies the current Employee Ownership Tax Credit.
01:23:31 PM  
Ms. Hunter Nelson, representing Small Business Majority, testified in support of the bill.  Mr. Michael Gifford, representing AGC Colorado, testified in support of the bill. Mr. Tristan Watkins, representing the Office of Economic Development and International Trade (OEDIT), testified in support of the bill. Written testimony may be found in Attachment G.

01:29:55 PM
Motion Adopt amendment L.006 (Attachment H)
Moved Marchman
Seconded
Bright
Frizell
Gonzales J.
Kolker
Mullica
Simpson
Snyder
Marchman
Kipp
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection

01:32:05 PM
Motion Refer House Bill 25-1021, as amended, to the Committee on Appropriations.
Moved Marchman
Seconded
Bright Yes
Frizell Yes
Gonzales J. Excused
Kolker Excused
Mullica Yes
Simpson Yes
Snyder Yes
Marchman Yes
Kipp Yes
Final YES: 7   NO: 0   EXC: 2   ABS:  0   FINAL ACTION:  PASS