Representatives Lindstedt and Titone, co-prime sponsors, presented House Bill 25-1157. The bill extends the Advanced Industry Investment Income Tax Credit for five income tax years and expands the credit to include investments in scalable manufacturing businesses.

Peter Shaw, representing Brightpave Markers Inc., testified in support of the bill. David Prichard, representing Denver Angels, testified in support of the bill. Ms. Sonya Guram, representing the Office of Economic Development and International Trade (OEDIT), testified in support of the bill.

The committee took a brief recess.

The committee returned to order. Richard Orf, representing Associated Governments of Northwest Colorado, testified in support of the bill.

The bill sponsors wrapped up their presentation of the bill. Members of the committee commented about their positions on the bill.