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First Regular Session | 75th General Assembly
Colorado General Assembly

PUBLIC
BILL SUMMARY For HB25-1021

HOUSE COMMITTEE ON BUSINESS AFFAIRS & LABOR
Date Feb 19, 2025       Location HCR 0112

HB25-1021 - Amended, referred to House Finance
09:45:14 AM  
Representatives Lindstedt and Taggart made opening remarks on House Bill 25-1021: Tax Incentives for Employee-Owned Busineses. The bill creates two state income tax deductions, a new income tax credit, and also extends and modifies the current Employee Ownership Tax Credit.
09:52:20 AM  
Tyler Garrett, representing Rocky Mountain Farmers Union, testified in support of the bill.
09:52:29 AM  
Ms. Catherine Toner, representing Gary Advocacy, testified in support of the bill.
09:55:42 AM  
Douglas Dell, representing themself, testified in support of the bill.
10:01:25 AM  
Ms. Nikki Maloney, representing Office of Economic Development and International Trade (OEDIT), testified in support of the bill.
10:05:05 AM  
Mr. Mowa Haile, representing Sky Blue Builders, Inc., testified in support of the bill.
10:05:09 AM  
Michael Gifford, representing Associated General Contractors of Colorado, testified in support of the bill.
10:09:31 AM  
Ms. Hunter Nelson, representing the Small Business Majority, testified in support of the bill.
10:12:27 AM  
Jason Wiener, representing themself, testified in support of the bill.
10:19:07 AM  
The panelists answered questions from the committee members.
10:23:04 AM  
The bill sponsors offered and explained Amendment L001 (Attachment A).

10:24:00 AM
 Motion Adopt amendment L.001
Moved Lindstedt
Seconded Mauro
Armagost
Brooks
English
Keltie
Lieder
Lindstedt
Marshall
Mauro
Richardson
Rydin
Suckla
Woodrow
Ricks
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection
10:24:02 AM  
The bill sponsors made closing comments on the merits of the bill.
10:26:52 AM  
The committee members gave closing remarks on the merit of the bill.

10:29:43 AM
 Motion Refer House Bill 25-1021, as amended, to the Committee on Finance.
Moved Lindstedt
Seconded Woodrow
Armagost Yes
Brooks Yes
English Yes
Keltie Yes
Lieder Yes
Lindstedt Yes
Marshall No
Mauro Yes
Richardson Yes
Rydin Yes
Suckla Yes
Woodrow Yes
Ricks Yes
Final YES: 12   NO: 1   EXC: 0   ABS:  0   FINAL ACTION:  PASS