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House Finance Committee reports tax credit to encourage brewers to donate spent grain
Summary
The House Finance Committee voted 24–2 to report House Bill 22-34 as amended, establishing a spent-grain donation tax credit for malt beverage brewers with a $5 million program cap and a five-year carryforward. The amendment aligns the proposal with an existing craft-brewer credit.
The House Finance Committee on an administrative vote reported House Bill 22-34 as amended, which would create a tax credit to encourage malt beverage brewers to donate spent grain to agricultural operations.
Chairman Samuelson called up the bill and asked the committee to consider an amendment offered by the chair. "This tax credit is proposed to try to encourage, the brewers to make sure it goes to, agricultural purposes, which is better for the environment," the chair said while summarizing the amendment. The amendment (A03540) adds the text of House Bill 23-40, aligns the new credit with an existing craft-brewer credit, sets a $5,000,000 aggregate limit, and shortens carryforward eligibility from seven years to five.
After no substantive opposition during discussion, the committee voted by roll call. The clerk reported 24 votes in favor and 2 opposed. The committee then "reports House Bill 22-34 as amended," advancing the bill to further House consideration.
The amendment and the committee report were presented as measures to encourage diversion of spent grain from landfills toward agricultural use and to align the new credit’s administrative terms with existing credits. The committee did not record further directions for implementation beyond the bill text adopted in the amendment.
The Finance Committee recorded the formal committee vote and reported the bill as amended to the full House. Further action will depend on scheduling for floor consideration.
