A364CA860EE43B07872586A7006E187B Hearing Summary

PUBLIC
BILL SUMMARY For HB21-1197

HOUSE COMMITTEE ON FINANCE
Date Mar 29, 2021
Location HCR 0112

HB21-1197 - Amended, referred to House Appropriations

Attachment Tag

File Name

Attachment

02:03:01 PM

Representative Woog presented House Bill 21-1197 to the committee. For tax years 2021 through 2025, the bill creates a state income tax credit for taxpayers with taxable incomes below $20,000, or $40,000 if filing jointly, effectively offsetting the amount of state income tax they would otherwise owe.

02:05:11 PM

Joshua Mantell, representing
Bell Policy Center, testified in opposition to the bill.

02:12:05 PM

Carol Hedges, representing Colorado FIscal Institute, testified in opposition to the bill.

02:19:01 PM

Representative Gray distributed and explained amendment L.003 (Attachment C).

02:21:16 PM	Motion	Adopt amendment L.003
	Moved	Gray
	Seconded	Snyder

	Benavidez	Yes
	Bradfield	No
	Daugherty	Yes
	Gonzales-Gutierrez	Yes
	Gray	Yes
	Kipp	Yes
	Luck	Excused
	Rich	No
	Sandridge	No
	Snyder	Yes
	Bird	Yes
		YES: 7 NO: 3 EXC: 1 ABS: 0 FINAL ACTION: PASS

02:21:30 PM

Representative Woog wrapped up his presentation on the bill.

02:28:23 PM	Motion	Refer House Bill 21-1197, as amended, to the Committee on Appropriations.
	Moved	Snyder
	Seconded	Benavidez

	Benavidez	Yes
	Bradfield	No
	Daugherty	Yes
	Gonzales-Gutierrez	Yes
	Gray	Yes
	Kipp	Yes
	Luck	Excused
	Rich	Yes
	Sandridge	No
	Snyder	No
	Bird	No
		YES: 6 NO: 4 EXC: 1 ABS: 0 FINAL ACTION: PASS

HB21-1197 - Amended, referred to House Appropriations

Colorado General Assembly