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

Date: 04/13/2016



Final

BILL SUMMARY for HB16-1332



HOUSE COMMITTEE ON FINANCE


Votes: View--> Action Taken:
Adopt amendment L.002 (Attachment E). The motion p

Refer House Bill 16-1332, as amended, to the Commi
Pass Without Objection

PASS







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.pdf16HouseFin0413AttachE.pdf 16HouseFin0413AttachF.pdf16HouseFin0413AttachF.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.

BILL: HB16-1332
TIME: 04:52:44 PM
MOVED: Court
MOTION: Adopt amendment L.002 (Attachment E). The motion passed without objection.
SECONDED: Foote
VOTE
Becker K.
Conti
Garnett
Kagan
Pabon
Roupe
Sias
Van Winkle
Wilson
Foote
Court
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection




BILL: HB16-1332
TIME: 04:55:27 PM
MOVED: Court
MOTION: Refer House Bill 16-1332, as amended, to the Committee on Appropriations. The motion passed on a vote of 10-0.
SECONDED: Kagan
VOTE
Becker K.
Yes
Conti
Yes
Garnett
Yes
Kagan
Yes
Pabon
Yes
Roupe
Excused
Sias
Yes
Van Winkle
Yes
Wilson
Yes
Foote
Yes
Court
Yes
Final YES: 10 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS










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