57D588EC52DEA62387258B110080E851 Hearing Summary CLICS/CLICS2024A/commsumm.nsf PUBLICBILL SUMMARY For SB24-228SENATE COMMITTEE ON FINANCEDate May 2, 2024 Location SCR 357 SB24-228 - Amended, referred to Senate Appropriations Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2024A/commsumm.nsf/0/002086982248...$File/Attachment G.pdf?OpenElement Attachment G.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2024A/commsumm.nsf/0/FD78559C155F...$File/Attachment H.pdf?OpenElement Attachment H.pdf 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. 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. 05:41:55 PM Motion Adopt amendment L.002 (Attachment G). Moved Mullica Seconded Buckner Hansen Simpson Smallwood Van Winkle Kolker Mullica YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 05:42:08 PM Motion Adopt amendment L.003 (Attachment H). Moved Mullica Seconded Buckner Hansen Simpson Smallwood Van Winkle Kolker Mullica YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 05:44:10 PM Motion Refer Senate Bill 24-228, as amended, to the Committee on Appropriations. Moved Mullica Seconded Buckner Yes Hansen Yes Simpson Yes Smallwood Yes Van Winkle Yes Kolker Yes Mullica Yes Final YES: 7 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS
