Final
BILL SUMMARY for HB05-1281

HOUSE COMMITTEE ON FINANCE

Votes:
Action Taken:
Moved a conceptual amendment that would sunset the
Moved amendment L.001 (technical amendment). The
Refer HB 05-1281, as amended, to the Committee on 		Pass Without Objection
Pass Without Objection
PASS


03:29 PM -- House Bill 05-1281 - Concerning an Income Tax Credit for Travel and Tourism

Representative White, prime sponsor, distributed amendment L.001 (Attachment J) and discussed the provisions of House Bill 05-1281 that apply to the promotion of travel and tourism in Colorado. He explained that on or after January 1, 2005, House Bill 05-1281 authorizes an income tax credit equal to 100 percent of the total contribution made to the Colorado Travel and Tourism Additional Source Fund. This fund is continuously appropriated to the Colorado Tourism Office, which is located in the Office of the Governor. Representative White explained that contributions are to be used for travel and tourism promotion. He closed by saying the bill requires that not less than 10 percent of the moneys contributed to the Additional Source Fund be appropriated to the State Council on the Arts which is located within the Department of Higher Education.

The following persons testified:

03:35 PM -- Mr. John Schafer, Denver Metro Chamber, testified in support of the legislation.

03:39 PM -- Mr. Chip Taylor, Colorado Counties Incorporated, testified in support of the legislation and discussed the benefits of House Bill 05-1281 to Colorado.

03:41 PM -- Mr. Chuck Berry, President of the Colorado Association of Commerce and Industry, testified in support of the legislation. Mr. Berry discussed the history of the Colorado Tourism Tax that was in place through 1992.

03:44 PM -- Mr. Pete Meersman, Colorado Restaurant Association, testified in support of the legislation and distributed a handout on tourism (Attachment K) to committee members.

03:48 PM -- Ms. JoAnn Groff, Colorado Retail Council, testified in support of the legislation.

03:51 PM -- Ms. Ilene Kamsler, Colorado Hotel and Lodging Association, testified in support of the legislation.

03:54 PM -- Mr. Rob Perlman, President of Colorado Ski Country USA, testified in support of the legislation.
BILL:HB05-1281
TIME: 03:56:24 PM
MOVED:Massey
MOTION:Moved amendment L.001 (technical amendment). The motion passed without objection by those members present.
SECONDED:Marshall
VOTE
Benefield
Cloer
Excused
Crane
Frangas
Garcia
Jahn
Marshall
Massey
May M.
McCluskey
Witwer
Judd
Vigil
Not Final YES: 0 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: Pass Without Objection
BILL:HB05-1281
TIME: 03:58:43 PM
MOVED:Garcia
MOTION:Moved a conceptual amendment that would sunset the credit after 10 years. The motion passed without objection by those members present.
SECONDED:Judd
VOTE
Benefield
Cloer
Excused
Crane
Frangas
Garcia
Jahn
Marshall
Massey
May M.
McCluskey
Witwer
Judd
Vigil
Not Final YES: 0 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: Pass Without Objection
BILL:HB05-1281
TIME: 03:59:38 PM
MOVED:May M.
MOTION:Refer HB 05-1281, as amended, to the Committee on Appropriations. The motion passed on a 10-2-1 vote.
SECONDED:Jahn
VOTE
Benefield
Yes
Cloer
Excused
Crane
Yes
Frangas
Yes
Garcia
No
Jahn
Yes
Marshall
Yes
Massey
Yes
May M.
Yes
McCluskey
Yes
Witwer
Yes
Judd
No
Vigil
Yes
Final YES: 10 NO: 2 EXC: 1 ABS: 0 FINAL ACTION: PASS