10A8AB7E150435E487258250005B945E Hearing Summary

Representatives Van Winkle and Garnett, co-prime sponsors, presented House Bill 18-1217, which creates a new state income tax credit for employers who contribute to an employee's 529 qualifying savings plan administered by CollegeInvest. The bill sponsors distributed amendment L.001 [Attachment A].

Ms. Elizabeth Cheever, representing the Colorado Fiscal Institute, testified in opposition to the bill. Ms. Cheever responded to questions from the committee. Representative Garnett also responded to a question from the committee.

Ms. Angela Baier, representing College Invest, addressed questions from the committee.

Representative Kennedy discussed amendment L.005 [Attachment C].

The bill sponsors made some closing remarks on the bill.