H_FIN_2025A 02/06/2025 02:34:51 PM Committee Summary

Representatives Duran and Titone, co-prime sponsors, presented House Bill 25-1005. The bill creates two refundable state income tax credits to support Colorado's film festival industry. They distributed amendments L.001 (Attachment A), L.002 (Attachment B), L.008 (Attachment C), and L.009 (Attachment D). They responded to questions from the committee.

Mr. Matt Benjamin, representing the City of Boulder, testified in support of the bill. Mr. Jonathan Singer, representing the Boulder Chamber of Commerce, testified in support of the bill. Jeff Kraft, representing the Office of Economic Development and International Trade, testified in support of the bill. Charlene Hoffman, representing Visit Boulder, testified in support of the bill. The panel of witnesses responded to questions from the committee.

The committee continued to question the panel of witnesses.

The committee took a brief recess.

The committee returned to order. The bill sponsors provided closing remarks.

Representatives Lindstedt and Titone, co-prime sponsors, presented House Bill 25-1157. The bill extends the Advanced Industry Investment Income Tax Credit for five income tax years and expands the credit to include investments in scalable manufacturing businesses.

Peter Shaw, representing Brightpave Markers Inc., testified in support of the bill. David Prichard, representing Denver Angels, testified in support of the bill. Ms. Sonya Guram, representing the Office of Economic Development and International Trade (OEDIT), testified in support of the bill.

The committee took a brief recess.

The committee returned to order. Richard Orf, representing Associated Governments of Northwest Colorado, testified in support of the bill.

The bill sponsors wrapped up their presentation of the bill. Members of the committee commented about their positions on the bill.