D1955AAD833436AF872588380060739B Hearing Summary CLICS/CLICS2022A/commsumm.nsf PUBLICBILL SUMMARY For SB22-124HOUSE COMMITTEE ON BUSINESS AFFAIRS & LABORDate May 4, 2022 Location HCR 0112 SB22-124 - Amended, referred to House Appropriations Attachment Tag File Name Attachment H http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/582D647D53A0...$File/Attachment H - SB124_L.007.pdf?OpenElement Attachment H - SB124_L.007.pdf 11:33:32 AM Representatives Ortiz and Van Winkle introduced Senate Bill 22-124, SALT Parity Act. The bill allows pass-through businesses to elect to retroactively pay their state income tax at the entity level, rather than the individual level, beginning in tax year 2018. 11:38:34 AM Josh Pens, representing the Department of Revenue, was available to answer committee questions. 11:39:11 AM Phil Horwitz, representing himself, testified in support of the bill. 11:39:50 AM Adam Burg, representing the Denver Metro Chamber of Commerce, testified in support of the bill. 11:42:43 AM The bill sponsors discussed Amendment L.007 (Attachment H). 11:44:23 AM Motion Adopt amendment L.007 Moved Van Winkle Seconded Duran Bird Yes Carver No Duran Yes Hooton Yes Jodeh Yes Lynch No Ricks Yes Sandridge No Snyder Yes Van Beber No Van Winkle Yes Sullivan Yes Roberts Yes YES: 9 NO: 4 EXC: 0 ABS: 0 FINAL ACTION: PASS 11:44:24 AM The bill sponsors made closing remarks on the bill. 11:46:36 AM Motion Refer Senate Bill 22-124, as amended, to the Committee on Appropriations. Moved Van Winkle Seconded Duran Bird Yes Carver Yes Duran Yes Hooton Yes Jodeh Yes Lynch Yes Ricks Yes Sandridge No Snyder Yes Van Beber Yes Van Winkle Yes Sullivan Yes Roberts Yes Final YES: 12 NO: 1 EXC: 0 ABS: 0 FINAL ACTION: PASS
