Date: 02/18/2009

Final
BILL SUMMARY for HB09-1105

HOUSE COMMITTEE ON FINANCE

Votes: View--> Action Taken:
Move amendment L.005 The motion passed without ob
Refer House Bill 09-1105, as amended, to the Commi		Pass Without Objection
PASS



01:38 PM -- House Bill 09-1105 - Concerning the Colorado Innovation Investment Tax Credit (for action only)

Representative Kefalas, prime sponsor, briefly explained the provisions of the bill and distributed a handout on "Risk Capital Measure" (Attachment D) and amendment L.005 (Attachment E) to the committee. He explained that the amendment makes technical changes to the bill. He continued by reiterating that the bill allows certain investors to receive an income tax credit for investments made in certain aerospace, bioscience, clean energy, and information technology small businesses during tax years 2010 through 2014. The credit is equal to 15 percent of the investment for the tax year in which the investment is made and the following tax year, up to a maximum total of $100,000. (This bill was initially heard by the committee on February 4, 2009, and amended by the adoption of amendment L.003. Attachment F))

09HouseFin0218AttachD.pdf 09HouseFin0218AttachE.pdf

09HouseFin0218AttachF.pdf

01:49 PM
BILL:HB09-1105
TIME: 01:50:28 PM
MOVED:Kefalas
MOTION:Move amendment L.005 The motion passed without objection by those members present.
SECONDED:Summers
VOTE
Apuan
Benefield
Gerou
Kefalas
Kerr A.
Lambert
Roberts
Summers
Swalm
Frangas
Judd
Not Final YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection


BILL:HB09-1105
TIME: 01:52:56 PM
MOVED:Kefalas
MOTION:Refer House Bill 09-1105, as amended, to the Committee on Appropriations. The motion passed on a 7-4 vote.
SECONDED:Summers
VOTE
Apuan
Yes
Benefield
No
Gerou
Yes
Kefalas
Yes
Kerr A.
Yes
Lambert
No
Roberts
Yes
Summers
Yes
Swalm
No
Frangas
Yes
Judd
No
Final YES: 7 NO: 4 EXC: 0 ABS: 0 FINAL ACTION: PASS