CLICS/CLICS2024A/commsumm.nsf
PUBLIC
BILL SUMMARY For SB24-228
SENATE COMMITTEE ON FINANCE
Date May 2, 2024
Location SCR 357
SB24-228 - Amended, referred to Senate Appropriations
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05:28:04 PM |
Senators Mullica
and Lundeen presented SB24-228, which adjusts the mechanisms used to refund
the state TABOR refund obligation starting with the FY 2023-24 surplus
by reinstating a temporary state income tax rate cut, and creates a new
refund mechanismâa temporary reduction in the state sales and use tax
rateâstarting with the FY 2024-25 surplus.
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05:30:11 PM |
Natalie Menten, representing themself, testified to amend the bill. Heidi Humphreys, representing Colorado Department of Revenue, testified in support of the bill. Josh Pens, representing Colorado Department of Revenue, was available to answer committee questions.
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05:41:55 PM
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Motion |
Adopt amendment L.002 (Attachment G). |
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| Moved |
Mullica |
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| Seconded |
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Buckner |
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Hansen |
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Simpson |
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Smallwood |
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Van Winkle |
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Kolker |
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Mullica |
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YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection |
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05:42:08 PM
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Motion |
Adopt amendment L.003 (Attachment H). |
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| Moved |
Mullica |
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| Seconded |
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Buckner |
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Hansen |
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Simpson |
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Smallwood |
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Van Winkle |
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Kolker |
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Mullica |
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YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection |
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05:44:10 PM
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Motion |
Refer Senate Bill 24-228, as amended, to the Committee on Appropriations. |
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| Moved |
Mullica |
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| Seconded |
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Buckner |
Yes |
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Hansen |
Yes |
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Simpson |
Yes |
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Smallwood |
Yes |
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Van Winkle |
Yes |
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Kolker |
Yes |
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Mullica |
Yes |
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Final |
YES: 7 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS |
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