CLICS/CLICS2022A/commsumm.nsf
PUBLIC
BILL SUMMARY For SB22-124
SENATE COMMITTEE ON FINANCE
Date Feb 23, 2022
Location Old Supreme Court
SB22-124 - Amended, referred to Senate Appropriations
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02:48:26 PM |
Sens. Woodward and
Kolker introduced Senate Bill 22-124. 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.
The sponsors answered some committee questions. Written testimony
may be found in Attachment B.
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03:01:52 PM |
Mr. Phil Horwitz,
representing himself, testified in support of the bill. Mr. Raymond Gonzales,
representing the Denver Metro Chamber of Commerce, testified in support
of the bill.
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03:08:43 PM |
Ms. Amber Egbert,
representing the Colorado Department of Revenue, testified in a neutral
position on the bill. She answered several committee questions.
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03:09:18 PM |
Sens. Woodward and
Kolker discussed some possible amendments and provided closing comments.
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03:16:22 PM
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Motion |
Adopt amendment L.001 (Attachment C) |
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| Moved |
Winter |
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| Seconded |
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Donovan |
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Hisey |
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Lee |
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Priola |
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Scott |
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Winter |
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Bridges |
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YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection |
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03:17:08 PM
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Motion |
Adopt amendment L.002 (Attachment D) |
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| Moved |
Winter |
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| Seconded |
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Donovan |
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Hisey |
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Lee |
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Priola |
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Scott |
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Winter |
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Bridges |
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YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection |
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03:19:37 PM
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Motion |
Refer Senate Bill 22-124, as amended, to the Committee on Appropriations. |
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| Moved |
Winter |
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| Seconded |
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Donovan |
Yes |
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Hisey |
Yes |
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Lee |
Yes |
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Priola |
Yes |
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Scott |
Yes |
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Winter |
Yes |
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Bridges |
Yes |
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Final |
YES: 7 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS |
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