Date: 04/21/2015

Final
BILL SUMMARY for HB15-1219

SENATE COMMITTEE ON FINANCE

Votes: View--> Action Taken:
Refer House Bill 15-1219 to the Committee on ApproPASS



02:43 PM -- HB15-1219

Senators Hodge and Sonnenberg, co-prime sponsors, presented House Bill 15-1219, which allows a taxpayer who places a renewable energy project in an enterprise zone and receives certification to claim an Enterprise Zone Investment Tax Credit (ITC) for the project an option to receive a refund on the credit. The amount of the refund is equal to 80 cents for every $1 of ITC credit and is capped at $750,000 per tax year.

02:46 PM -- Ms. Ali Mickelson, representing the Colorado Fiscal Institute, testified in opposition to the bill.

02:49 PM -- Mr. Dan Patry and Mr. Simon Day, representing Sun Edison, testified in support of the bill. Mr. Day responded to a question from the committee.

02:52 PM -- Mr. Kevin Gilden and Ms. Kerry Hattevik, representing NextEra Energy Resources, testified in support of the bill. In response to a question, Mr. Gildren described how the ITC that can be claimed under the bill will benefit energy projects.

02:58 PM -- Mr. Brett Moore, representing Interwest Energy Alliance, testified in support of the bill. Mr. Moore responded to a question from the committee about a similar tax credit offered in Oklahoma.

03:01 PM -- Mr. Nicholas Colglazier, representing the Colorado Farm Bureau, testified in support of the bill.


03:04 PM

Mr. Louis Pino, representing Legislative Council Staff, came to the table to address questions about enterprise zones in the state and the amount of ITC that can be claimed by taxpayers.
BILL:HB15-1219
TIME: 03:09:30 PM
MOVED:Holbert
MOTION:Refer House Bill 15-1219 to the Committee on Appropriations. The motion passed on a vote of 5-0.
SECONDED:
VOTE
Holbert
Yes
Johnston
Yes
Kerr
Yes
Hill
Yes
Neville T.
Yes
Final YES: 5 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS