E697D68216D6860B872585060069ED20 Hearing Summary CLICS/CLICS2020A/commsumm.nsf PUBLICBILL SUMMARY For SB20-050SENATE COMMITTEE ON FINANCEDate Feb 6, 2020 Location SCR 357 SB20-050 - Postponed Indefinitely 12:17:04 PM Senator Woodward introduced Senate Bill 20-050. The bill creates a state income tax credit of up to $500 for eligible educators that incur certain out-of-pocket expenses. Senator Woodward discussed legal issues related to the introduction of revenue-raising bills in the Senate. 12:19:33 PM Amber Egbert, Colorado Department of Revenue, responded to questions from the committee regarding the bill's fiscal note and efforts of the department to prevent fraud with regard to refundable tax credits. 12:22:59 PM Senator Gonzales commented on the bill and a similar bill introduced in the House. The committee discussed the issues related to introducing revenue raising bills in the Senate. Committee members commented on the bill. 12:35:36 PM Motion Refer Senate Bill 20-050 to the Committee on Appropriations. Moved Hansen Seconded Hansen No Lundeen Yes Tate Yes Todd No Woodward Yes Lee No Gonzales No YES: 3 NO: 4 EXC: 0 ABS: 0 FINAL ACTION: FAIL 12:35:46 PM Motion Postpone Senate Bill 20-050 indefinitely using a reversal of the previous roll call. There was no objection to the use of the reverse roll call, therefore, the bill was postponed indefinitely. Moved Gonzales Seconded Hansen Yes Lundeen No Tate No Todd Yes Woodward No Lee Yes Gonzales Yes Final YES: 4 NO: 3 EXC: 0 ABS: 0 FINAL ACTION: PASS