CLICS/CLICS2021A/commsumm.nsf
PUBLIC
BILL SUMMARY For HB21-1197
HOUSE COMMITTEE ON FINANCE
Date Mar 29, 2021
Location HCR 0112
HB21-1197 - Amended, referred to House Appropriations
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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.
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02:05:11 PM |
Joshua Mantell, representing
Bell Policy Center, testified in opposition to the bill.
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02:12:05 PM |
Carol Hedges, representing Colorado FIscal Institute, testified in opposition to the bill.
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02:19:01 PM |
Representative Gray distributed and explained amendment L.003 (Attachment C).
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02:21:16 PM
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Motion |
Adopt amendment L.003 |
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| Moved |
Gray |
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| Seconded |
Snyder |
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Benavidez |
Yes |
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Bradfield |
No |
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Daugherty |
Yes |
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Gonzales-Gutierrez |
Yes |
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Gray |
Yes |
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Kipp |
Yes |
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Luck |
Excused |
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Rich |
No |
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Sandridge |
No |
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Snyder |
Yes |
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Bird |
Yes |
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YES: 7 NO: 3 EXC: 1 ABS: 0 FINAL ACTION: PASS |
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02:21:30 PM |
Representative Woog wrapped up his presentation on the bill.
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02:28:23 PM
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Motion |
Refer House Bill 21-1197, as amended, to the Committee on Appropriations. |
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| Moved |
Snyder |
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| Seconded |
Benavidez |
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Benavidez |
Yes |
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Bradfield |
No |
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Daugherty |
Yes |
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Gonzales-Gutierrez |
Yes |
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Gray |
Yes |
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Kipp |
Yes |
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Luck |
Excused |
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Rich |
Yes |
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Sandridge |
No |
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Snyder |
No |
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Bird |
No |
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YES: 6 NO: 4 EXC: 1 ABS: 0 FINAL ACTION: PASS |
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