s_fin_2017a_2017-04-27t10:35:42z3 Hearing Summary
Date: 04/27/2017
Location: SCR 357
BILL SUMMARY for SB17-299
SENATE COMMITTEE ON FINANCE
| Votes: View--> | Action Taken: |
| Adopt amendment L.001 (Attachment A). The motion p Refer Senate Bill 17-299, as amended, to the Commi |
Pass Without Objection PASS |
11:54 AM -- SB17-299
Senators Holbert and Moreno, 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. Senator Holbert discussed amendment L.001 (Attachment A) and a memo prepared on the fiscal impact of amendment L.001 (Attachment B). Senator Moreno responded to a committee question.
17SenateFin0427AttachA.pdf 17SenateFin0427AttachB.pdf
12:08 PM -- Adama Iwu, representing Visa, testified in support of the bill.
12:10 PM -- Carl Andersen, representing Visa, testified in support of the bill.
12:11 PM -- Jeff Kraft, representing the Governor's Office of Economic Development and International Trade (OEDIT), testified in support of the bill. Committee members received a letter of support from OEDIT (Attachment C).
17SenateFin0427AttachC.pdf
12:12 PM -- Loren Furman, representing the Colorado Association of Commerce and Industry, testified in support of the bill. Committee members received a letter of support from Technet (Attachment D). Mr. Kraft and Ms. Furman responded to committee questions.
17SenateFin0427AttachD.pdf
12:19 PM
Senator Holbert responded to committee questions.
12:22 PM -- Andrea Young, representing the Colorado Technology Association, testified in support of the bill.
12:23 PM
| BILL: | SB17-299 | |
| TIME: | 12:24:09 PM | |
| MOVED: | Court | |
| MOTION: | Adopt amendment L.001 (Attachment A). The motion passed without objection. | |
| SECONDED: | ||
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VOTE
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Court
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Kagan
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Tate
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Hill
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Neville T.
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YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection
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| BILL: | SB17-299 | |
| TIME: | 12:24:51 PM | |
| MOVED: | Court | |
| MOTION: | Refer Senate Bill 17-299, as amended, to the Committee on Appropriations. The motion passed on a vote of 5-0. | |
| SECONDED: | ||
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VOTE
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Court
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Yes
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Kagan
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Yes
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Tate
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Yes
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Hill
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Yes
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Neville T.
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Yes
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Final YES: 5 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS
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12:26 PM
The committee adjourned.