AC76DAA9FB33AECA8725863100708AEE Hearing Summary CLICS/CLICS2020B/commsumm.nsf PUBLICBILL SUMMARY For HB20B-1004SENATE COMMITTEE ON FINANCEDate Dec 1, 2020 Location Old Supreme Court HB20B-1004 - Referred to Senate Appropriations 01:29:19 PM Senators Tate and Bridges, co-prime sponsors explained HB20B-1004 concerning a temporary deduction from state net taxable sales for certain retailers in the state in order to allow such retailers to retain the resulting sales tax collected as assistance for lost revenue as a result of the economic disruptions due to the presence of coronavirus disease 2019 (COVID-19) in Colorado. The senators discussed the need for for a sales tax holiday until the end of February and explained that small businesses have been hit hard during the pandemic. Committee members expressed concerns about small business owners and COVID-19 restrictions. 01:36:17 PM The bill sponsors continued to discuss small businesses. 01:38:59 PM Nick Hoover, representing Colorado Restaurant Association, testified in support of the bill. Senator Bridges introduced and discussed Amendment L.005, which makes a technical change. 01:44:10 PM Motion Adopt amendment L.005 Moved Bridges Seconded Bridges Lundeen Moreno Tate Woodward Hansen Gonzales YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 01:44:12 PM The bill sponsors made closing remarks and urged support of the bill. 01:51:22 PM Motion Refer House Bill 20B-1004 to the Committee on Appropriations. Moved Tate Seconded Bridges Yes Lundeen Yes Moreno Yes Tate Yes Woodward Excused Hansen Yes Gonzales Yes Final YES: 6 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS
