CLICS/CLICS2022A/commsumm.nsf
PUBLIC
BILL SUMMARY For SB22-124
HOUSE COMMITTEE ON BUSINESS AFFAIRS & LABOR
Date May 4, 2022
Location HCR 0112
SB22-124 - Amended, referred to House Appropriations
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11:33:32 AM |
Representatives Ortiz and Van Winkle introduced Senate Bill 22-124, SALT Parity Act. The bill allows pass-through businesses to elect to retroactively pay their state income tax at the entity level, rather than the individual level, beginning in tax year 2018.
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11:38:34 AM |
Josh Pens, representing the Department of Revenue, was available to answer committee questions.
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11:39:11 AM |
Phil Horwitz, representing himself, testified in support of the bill.
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11:39:50 AM |
Adam Burg, representing the Denver Metro Chamber of Commerce, testified in support of the bill.
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11:42:43 AM |
The bill sponsors
discussed Amendment L.007 (Attachment H).
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11:44:23 AM
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Motion |
Adopt amendment L.007 |
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| Moved |
Van Winkle |
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| Seconded |
Duran |
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Bird |
Yes |
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Carver |
No |
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Duran |
Yes |
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Hooton |
Yes |
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Jodeh |
Yes |
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Lynch |
No |
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Ricks |
Yes |
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Sandridge |
No |
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Snyder |
Yes |
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Van Beber |
No |
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Van Winkle |
Yes |
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Sullivan |
Yes |
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Roberts |
Yes |
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YES: 9 NO: 4 EXC: 0 ABS: 0 FINAL ACTION: PASS |
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11:44:24 AM |
The bill sponsors made closing remarks on the bill.
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11:46:36 AM
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Motion |
Refer Senate Bill 22-124, as amended, to the Committee on Appropriations. |
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| Moved |
Van Winkle |
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| Seconded |
Duran |
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Bird |
Yes |
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Carver |
Yes |
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Duran |
Yes |
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Hooton |
Yes |
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Jodeh |
Yes |
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Lynch |
Yes |
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Ricks |
Yes |
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Sandridge |
No |
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Snyder |
Yes |
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Van Beber |
Yes |
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Van Winkle |
Yes |
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Sullivan |
Yes |
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Roberts |
Yes |
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Final |
YES: 12 NO: 1 EXC: 0 ABS: 0 FINAL ACTION: PASS |
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