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s_fin_2017a_2017-05-05t13:42:30z7 Hearing Summary

Date: 05/05/2017

Location: SCR 357

Final

BILL SUMMARY for HB17-1090



SENATE COMMITTEE ON FINANCE


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

Refer House Bill 17-1090, as amended, to the Commi
Pass Without Objection

PASS







03:22 PM -- HB17-1090



Senators Kefalas and Gardner, co-prime sponsors, presented House Bill 17-1090, which extends the Advanced Industry Investment Income Tax Credit Program through tax years 2018 to 2022. The bill authorizes the Office of Economic Development and International Trade in the Governor's Office to issue $750,000 worth of state income tax credits each year from 2018 to 2022 to qualified investors. Senator Kefalas distributed amendment L.002 and a memorandum explaining the fiscal impact of amendment L.002 to the committee (Attachments C and D).



17SenateFin0505AttachC.pdf17SenateFin0505AttachC.pdf 17SenateFin0505AttachD.pdf17SenateFin0505AttachD.pdf



03:28 PM --
Jennifer Jones, representing the Colorado Bioscience Association, testified in support of the bill.



03:30 PM --
Elyse Blazevich, representing Securisyn Medical, testified in support of the bill.



03:33 PM --
Kelly Sloan, representing the Colorado Aviation Business Association, testified in support of the bill.



03:36 PM --
Jeff Kraft, representing the Governor's Office of Economic Development and International Trade, came to the table to respond to committee questions.





03:39 PM



Senator Kefalas and Mr. Kraft responded to additional committee questions.





03:45 PM



Ed DeCecco, Office of Legislative Legal Services, came to the table to respond to committee questions. Ms. Blazevich responded to committee questions.





03:54 PM



Sophia San Miguel, representing herself, testified on the bill.





03:56 PM



Louis Pino, Legislative Council Staff, came to the table to discuss the fiscal impact of amendment L.002.

BILL: HB17-1090
TIME: 03:57:20 PM
MOVED: Tate
MOTION: Adopt amendment L.002 (Attachment C). The motion passed without objection.
SECONDED:
VOTE
Court
Kagan
Tate
Hill
Neville T.
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection


BILL: HB17-1090
TIME: 03:57:56 PM
MOVED: Tate
MOTION: Refer House Bill 17-1090, as amended, to the Committee on Appropriations. The motion passed on a vote of 3-2.
SECONDED:
VOTE
Court
Yes
Kagan
Yes
Tate
Yes
Hill
No
Neville T.
No
Final YES: 3 NO: 2 EXC: 0 ABS: 0 FINAL ACTION: PASS














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