h_fin_2017a_2017-05-04t16:13:27z1 Hearing Summary

Date: 05/04/2017

Location: LSB A

04:19 PM -- SB17-299



Representatives Van Winkle and Kraft-Tharp, co-prime sponsors, presented Senate Bill 17-299, which allows a taxpayer that invests in an enterprise data center in Colorado to use a beneficial apportionment factor when allocating federal taxable income to Colorado. The bill sponsors addressed committee questions.



04:30 PM -- Ms. Stephanie Copeland, representing the Governor's Office of Economic Development and International Trade (OEDIT), testified in support of the bill.



04:32 PM -- Mr. Jeff Kraft, representing OEDIT, testified in support of the bill. Ms. Copeland and Mr. Kraft responded to committee questions.





04:40 PM



Mr. Phil Horowitz and Mr. John Vechiarelli, both representing the Department of Revenue (DOR), came to the table to answer committee questions.





04:55 PM



The OEDIT and DOR representatives continued to answer questions from the committee.



04:55 PM -- Ms. Adama Iwn, representing VISA, testified in support of the bill.



04:57 PM -- Mr. Carl Anderson, representing VISA, responded to questions from the committee.





05:04 PM



The bill sponsors made closing remarks on the bill.