h_fin_2016a_2016-04-20t13:37:24z0 Hearing Summary

Date: 04/20/2016

The committee was called to order. A quorum was present.



01:37 PM -- HB16-1372



Representative Primavera, sponsor, introduced House Bill 16-1372. The bill, as amended in the House Public Health Care and Human Services Committee, creates the Colorado Work Opportunity Tax Credit (WOTC), a state income tax credit similar to the federal WOTC. For tax years 2018 and 2019, the credit is available to businesses who hire certain targeted employees who often encounter obstacles in obtaining employment and who typically claim one or more forms of government support. Employers may receive a tax credit per targeted employee hired, based on the employee's first-year (and in limited cases second-year) wages up to certain amounts. Representative Primavera respectfully asked the committee to postpone the bill indefinitely.