Date: 02/12/2014

Final
BILL SUMMARY for HB14-1163

HOUSE COMMITTEE ON FINANCE

Votes: View--> Action Taken:
Refer House Bill 14-1163 to the Committee of the WPASS



03:05 PM -- HB14-1163

Representative Hullinghorst, Majority Leader, came to the table to present House Bill 14-1163, which she explained limits the amount of the Enterprise Zone (EZ) Credit that may be claimed after tax year 2014 to $750,000 per tax year. She added that this year's bill clarifies language from House Bill 13-1142, reaffirming the original intention of the cap on the EZ Credit. The Majority Leader responded to questions on the rationale behind the bill. Committee discussion ensued.


03:14 PM

The Majority Leader responded to questions on whether an exemption from the tax cap might benefit the poorest communities in Colorado, and spoke to a request for clarity on the EZ Credit.

03:17 PM -- Jeff Kraft, representing the Office of Economic Development and International Trade, spoke in support of the bill. Mr. Kraft stated that the bill is a technical fix, clarifies the language in HB13-1142, and is not a policy change. Mr. Kraft answered questions on whether the EZ Credit brings jobs to Colorado.
BILL:HB14-1163
TIME: 03:20:42 PM
MOVED:Becker
MOTION:Refer House Bill 14-1163 to the Committee of the Whole. The motion passed on a vote of 7-5, with 1 member excused.
SECONDED:Pabon
VOTE
Becker
Yes
DelGrosso
No
Foote
Yes
Joshi
No
Kagan
Yes
Melton
Yes
Pabon
Yes
Priola
No
Saine
Excused
Swalm
No
Wilson
No
Labuda
Yes
Court
Yes
YES: 7 NO: 5 EXC: 1 ABS: 0 FINAL ACTION: PASS