h_fin_2017a_2017-03-01t10:26:13z1 Hearing Summary

Date: 03/01/2017

Location: LSB A

12:11 PM -- HB17-1090



Representatives Kraft-Tharp and Wilson, co-prime sponsors, presented House Bill 17-1090, which extends the Advanced Industry Investment Income Tax Credit Program through tax years 2018 to 2022. The bill authorizes the Office of Economic Development and International Trade in the Governor's Office (OEDIT) to issue $1.5 million worth of state income tax credits each year to qualified investors.



12:16 PM -- Ms. Lindsey Cookson, representing herself, testified in opposition to the bill and responded to questions from the committee.



12:21 PM -- Mr. Jeff Kraft, representing OEDIT, testified in support of the bill.



12:27 PM -- Ms. April Giles, representing the Colorado Bioscience Association, testified in support of the bill.



12:31 PM -- Ms. Chris Shepard, representing the Colorado Cleantech Industries Association, testified in support of the bill.





12:35 PM



Ms. Giles and Mr. Kraft responded to questions from the committee. Representative Kraft-Tharp also answered committee questions.



12:50 PM -- Mr. Patrick Boyle, representing the Colorado Competitive Council, testified in support of the bill.



12:53 PM -- Ms. Elyse Blazevich, representing Securisyn Medical, testified in support of the bill.



12:56 PM -- Ms. Sam Bailey, representing the Jefferson County Economic Development Corporation, testified in support of the bill.





12:57 PM



Mr. Boyle, Ms. Blazevich, and Mr. Bailey responded to questions from the committee.





01:00 PM



Representative Wilson commented on earlier witness testimony. Representatives Wilson and Kraft-Tharp made closing remarks on the bill.