DE8000F6ABCF049D87258C36005BFBD3 Hearing Summary

PUBLIC
BILL SUMMARY For HB25-1021

HOUSE COMMITTEE ON BUSINESS AFFAIRS & LABOR
Date Feb 19, 2025
Location HCR 0112

HB25-1021 - Amended, referred to House Finance

Attachment Tag

File Name

Attachment A

09:45:14 AM

Representatives Lindstedt
and Taggart made opening remarks on House Bill 25-1021: Tax Incentives
for Employee-Owned Busineses. The bill creates two state income tax deductions,
a new income tax credit, and also extends and modifies the current Employee
Ownership Tax Credit.

09:52:20 AM

Tyler Garrett, representing Rocky Mountain Farmers Union, testified in support of the bill.

09:52:29 AM

Ms. Catherine Toner, representing Gary Advocacy, testified in support of the bill.

09:55:42 AM

Douglas Dell, representing themself, testified in support of the bill.

10:01:25 AM

Ms. Nikki Maloney, representing Office of Economic Development and International Trade (OEDIT), testified in support of the bill.

10:05:05 AM

Mr. Mowa Haile, representing Sky Blue Builders, Inc., testified in support of the bill.

10:05:09 AM

Michael Gifford,
representing Associated General Contractors of Colorado, testified in support
of the bill.

10:09:31 AM

Ms. Hunter Nelson,
representing the Small Business Majority, testified in support of the bill.

10:12:27 AM

Jason Wiener, representing themself, testified in support of the bill.

10:19:07 AM

The panelists answered questions from the committee members.

10:23:04 AM

The bill sponsors
offered and explained Amendment L001 (Attachment A).

10:24:00 AM	Motion	Adopt amendment L.001
	Moved	Lindstedt
	Seconded	Mauro

	Armagost
	Brooks
	English
	Keltie
	Lieder
	Lindstedt
	Marshall
	Mauro
	Richardson
	Rydin
	Suckla
	Woodrow
	Ricks
		YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection

10:24:02 AM

The bill sponsors made closing comments on the merits of the bill.

10:26:52 AM

The committee members gave closing remarks on the merit of the bill.

10:29:43 AM	Motion	Refer House Bill 25-1021, as amended, to the Committee on Finance.
	Moved	Lindstedt
	Seconded	Woodrow

	Armagost	Yes
	Brooks	Yes
	English	Yes
	Keltie	Yes
	Lieder	Yes
	Lindstedt	Yes
	Marshall	No
	Mauro	Yes
	Richardson	Yes
	Rydin	Yes
	Suckla	Yes
	Woodrow	Yes
	Ricks	Yes
	Final	YES: 12 NO: 1 EXC: 0 ABS: 0 FINAL ACTION: PASS

HB25-1021 - Amended, referred to House Finance

Colorado General Assembly