Date: 02/27/2013

Final
BILL SUMMARY for HB13-1206

HOUSE COMMITTEE ON FINANCE

Votes: View--> Action Taken:
Refer House Bill 13-1206 to the Committee of the WPASS


02:03 PM -- House Bill 13-1206 - Concerning Business Incentive Agreements

Representative DelGrosso, prime sponsor, explained that House Bill 13-1206 modifies the cap for statutory business incentive agreements (BIAs) applicable to counties, municipalities, and special districts. Under current law, where a taxpayer has established a new or expanded business facility, local governments may, for a term of up to 10 years, enter a BIA that provides a taxpayer an incentive payment or credit up to the amount of the taxpayer's personal property tax liability. The bill adds authority for such BIAs to be formed with any taxpayer that the local government determines is at risk of relocating a business facility within the local jurisdiction to a location outside of Colorado.

 The following persons testified:

02:21 PM -- Mr. Trever Clayton, representing himself, testified in opposition to the bill. Mr. Clayton noted that the bill would provide a tax incentive that may reduce the competitive environment of the state and result in businesses leaving the state. He closed by urging the committee to oppose the bill.

02:26 PM -- Mr. Eric Berglund, Northern Colorado Legislative Alliance, testified in support of the bill.

02:38 PM -- Mr. Bill Clayton, representing Colorado Counties Incorporated, testified in support of the bill.
BILL:HB13-1206
TIME: 02:43:42 PM
MOVED:DelGrosso
MOTION:Refer House Bill 13-1206 to the Committee of the Whole. The motion passed on a vote of 10-1.
SECONDED:Saine
VOTE
DelGrosso
Yes
Foote
Excused
Joshi
Yes
Kagan
Yes
May
Excused
Melton
Yes
Pabon
Yes
Priola
Yes
Saine
Yes
Swalm
Yes
Wilson
Yes
Labuda
Yes
Court
No
Final YES: 10 NO: 1 EXC: 2 ABS: 0 FINAL ACTION: PASS