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3542D13B5621F4FE8725827F007B209E Hearing Summary




PUBLIC
BILL SUMMARY For SB18-265

SENATE COMMITTEE ON STATE, VETERANS, & MILITARY AFFAIRS
Date Apr 30, 2018      
Location SCR 357



SB18-265 - Amended, referred to Senate Finance
04:24:55 PM  
Senator Hill, sponsor, presented Senate Bill 18-265 to the committee. The bill creates a state income tax credit for moneys deposited in a child care savings account, and a state income tax deduction for interest earned in the account.
04:28:57 PM  
Senator Hill responded to committee member questions.
04:34:46 PM  
Kathy White, representing the Colorado
Fiscal Institute, testified against the bill.
04:36:08 PM  
Carl Larson, representing the National Association of Insurance and Financial Advisors, testified in support of the bill.
04:38:32 PM  

Dawn Gustafson, representing Anton, Collins, Mitchell, LLP, testified in support of the bill.

04:40:30 PM  
Ms. White and Ms. Gustafson answered committee
questions.
04:41:43 PM  
Gloria Higgins, representing Executives
Partnering to Invest in Children, testified in support of the bill.
04:48:24 PM  
Sue Rinner, representing Early Learning
Ventures, testified in support of the bill.
04:51:38 PM  
Brendan Reese, representing the Department
of Revenue, testified on the bill from a neutral perspective.  Mr.
Reese responded to committee member questions.
04:53:01 PM  
Senator Hill presented amendment L.001 [Attachment K] and amendment L.004 [Attachment L].


04:59:28 PM
 Motion Adopt amendment L.001 [Attachment K].
Moved Hill
Seconded
Court
Fenberg
Hill
Sonnenberg
Marble
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


04:59:40 PM
 Motion Adopt amendment L.004 [Attachment L].
Moved Hill
Seconded
Court
Fenberg
Hill
Sonnenberg
Marble
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


05:00:01 PM
 Motion Refer Senate Bill 18-265, as amended, to the Committee on Finance.
Moved Hill
Seconded
Court No
Fenberg No
Hill Yes
Sonnenberg Yes
Marble Yes
Final YES: 3   NO: 2   EXC: 0   ABS:  0   FINAL ACTION:  PASS






The Colorado Senate and House of Representatives will not convene on Monday, January 20, 2025 in observance of Dr. Martin Luther King Jr. day.

The effective date for bills enacted without a safety clause is August 6, 2025, if the General Assembly adjourns sine die on May 7, 2025 (unless otherwise specified). Details