FFDBBE95BC2F694D87258AD2005CF3F8 Hearing Summary CLICS/CLICS2024A/commsumm.nsf PUBLICBILL SUMMARY For HB24-1144HOUSE COMMITTEE ON FINANCEDate Feb 29, 2024 Location HCR 0112 HB24-1144 - Postponed Indefinitely Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2024A/commsumm.nsf/0/007B75ABD7DD...$File/Attachment A HB1144_L.001.pdf?OpenElement Attachment A HB1144_L.001.pdf 09:55:21 AM Minority Leader Pugliese, sponsor, presented House Bill 24-1144. For 2024 and 2025 only, the bill creates a state income tax credit for a home seller who buys down the buyer's mortgage interest rate at closing. She distributed amendment L.001 (Attachment A) and responded to questions from the committee. 10:00:09 AM Rachel Lee, representing the Colorado Association of Home Builders, testified in support of the bill. 10:04:02 AM Greg Sobestski, representing Legislative Council Staff, was available to respond to committee questions about the fiscal notes. 10:05:13 AM Alison Morgan, representing the Colorado Bankers Association, testified in support of the bill. 10:05:28 AM Mr. Sobestski spoke at length about the tax credit offered in the bill. 10:17:00 AM Motion Adopt amendment L.001 (Attachment A). Moved Joseph Seconded Marshall deGruy Kennedy Frizell Garcia Hartsook Kipp Lindstedt Marshall Soper Weinberg Joseph Snyder YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 10:17:02 AM The Minority Leader made closing comments and asked for a favorable recommendation. 10:19:51 AM Motion Refer House Bill 24-1144, as amended, to the Committee on Appropriations. Moved Joseph Seconded Frizell deGruy Kennedy No Frizell Yes Garcia No Hartsook Excused Kipp No Lindstedt No Marshall No Soper No Weinberg No Joseph No Snyder Yes YES: 2 NO: 8 EXC: 1 ABS: 0 FINAL ACTION: FAIL 10:20:11 AM Motion Postpone House Bill 24-1144 indefinitely using a reversal of the previous roll call. There was no objection to the use of the reverse roll call, therefore, the bill was postponed indefinitely. Moved Kipp Seconded Lindstedt deGruy Kennedy Yes Frizell No Garcia Yes Hartsook Excused Kipp Yes Lindstedt Yes Marshall Yes Soper Yes Weinberg Yes Joseph Yes Snyder No Final YES: 8 NO: 2 EXC: 1 ABS: 0 FINAL ACTION: PASS
