3C36A42A537F5C15872584FC007316FF Hearing Summary CLICS/CLICS2020A/commsumm.nsf PUBLICBILL SUMMARY For HB20-1024HOUSE COMMITTEE ON FINANCEDate Jan 27, 2020 Location HCR 0112 HB20-1024 - Amended, referred to House Appropriations Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2020A/commsumm.nsf/0/78BE5347A466...$File/200127 AttachD.pdf?OpenElement 200127 AttachD.pdf 01:57:08 PM Representatives Benavidez and Snyder presented House Bill 20-1024, along with amendment L.001 (Attachment D). The bill modifies the Colorado Net Operating Loss Deduction allowing taxpayers to carry the deduction forward for 20 years, rather than for an unlimited number of years. 02:03:18 PM Caroline Nutter, representing the Colorado Fiscal Institute, testified in support of the bill. 02:03:39 PM Representative Snyder explained L.001 (Attachment D). 02:06:42 PM Motion Adopt amendment L.001 Moved Snyder Seconded Benavidez Benavidez Bockenfeld Gray Kraft-Tharp McKean Sandridge Snyder Sullivan Bird Herod YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 02:06:44 PM Wrap up 02:07:45 PM Motion Refer House Bill 20-1024, as amended, to the Committee on Appropriations. Moved Snyder Seconded Benavidez Benavidez Yes Bockenfeld No Gray Yes Kraft-Tharp Yes McKean No Sandridge No Snyder Yes Sullivan Yes Bird Yes Herod Yes Final YES: 7 NO: 3 EXC: 0 ABS: 0 FINAL ACTION: PASS