Date: 04/22/2015

Final
BILL SUMMARY for HB15-1366

HOUSE COMMITTEE ON FINANCE

Votes: View--> Action Taken:
Adopt amendment L.001 (Attachment I). The motion p
Adopt amendment L.002 (Amendment J). The motion pa
Adopt amendment L.003 (Attachment K). The motion p
Refer House Bill 15-1366, as amended, to the Commi		Pass Without Objection
Pass Without Objection
Pass Without Objection
PASS



03:54 PM -- HB15-1366

Representative Pabon and Willett, co-prime sponsors, introduced House Bill 15-1366. The bill changes the job growth incentive tax credit for taxpayers who enter into a partnership with a state institution of higher education. In particular, this bill allows the credit to be refundable under certain conditions and relaxes the requirements to qualify for the credit. Representative Pabon noted that this bill strives to connect state institutions of higher education and new start-up companies. Representative Willett noted how this bill will help higher education institutions and economically disadvantaged areas in Colorado.

04:07 PM -- Mr. Steve VanNurden, representing the University of Colorado and the Fitzsimons Redevelopment Authority, testified in support of the bill. He discussed the benefits of the bill to research institutions and start-up companies.

04:19 PM -- Ms. Ali Mickelson, representing the Colorado Fiscal Institute, testified in opposition to the bill. She noted that it is her opinion that the tax credit is a reward for businesses that work with higher education institutions.
BILL:HB15-1366
TIME: 04:23:42 PM
MOVED:Court
MOTION:Adopt amendment L.002 (Amendment J). The motion passed without objection.
15HouseFin0422AttachJ.pdf15HouseFin0422AttachJ.pdf
SECONDED:Roupe
VOTE
Becker K.
Conti
Garnett
Kagan
Pabon
Priola
Roupe
Van Winkle
Wilson
Foote
Court
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection


BILL:HB15-1366
TIME: 04:28:07 PM
MOVED:Pabon
MOTION:Adopt amendment L.001 (Attachment I). The motion passed without objection.
15HouseFin0422AttachI.pdf15HouseFin0422AttachI.pdf
SECONDED:Court
VOTE
Becker K.
Conti
Garnett
Kagan
Pabon
Priola
Roupe
Van Winkle
Wilson
Foote
Court
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection


04:29 PM

Esther van Mourik, Office of Legislative Legal Services, came to the table to discuss what types of higher education institutions qualify under this bill.
BILL:HB15-1366
TIME: 04:30:44 PM
MOVED:Pabon
MOTION:Adopt amendment L.003 (Attachment K). The motion passed without objection.
15HouseFin0422AttachK.pdf15HouseFin0422AttachK.pdf
SECONDED:Kagan
VOTE
Becker K.
Conti
Garnett
Kagan
Pabon
Priola
Roupe
Van Winkle
Wilson
Foote
Court
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection


BILL:HB15-1366
TIME: 04:33:18 PM
MOVED:Pabon
MOTION:Refer House Bill 15-1366, as amended, to the Committee of the Whole. The motion passed on a vote of 9-2.
SECONDED:
VOTE
Becker K.
Yes
Conti
Yes
Garnett
Yes
Kagan
No
Pabon
Yes
Priola
Yes
Roupe
Yes
Van Winkle
Yes
Wilson
Yes
Foote
No
Court
Yes
Final YES: 9 NO: 2 EXC: 0 ABS: 0 FINAL ACTION: PASS