Multiple Methods For Receipt Of Income Tax Refunds
| Type | Bill |
|---|---|
| Session | 2017 Regular Session |
| Subjects |
Concerning the option for a taxpayer to specify multiple methods by which to receive an income tax refund.
Bill Summary:
Currently, a taxpayer may opt to receive his or her income tax refund in the form of a check, or may elect to have his or her income tax refund directly deposited into one of the following: a savings account, a checking account, or a college savings account administered by collegeinvest, a division of the Colorado department of higher education. The bill requires the department of revenue to provide a taxpayer the opportunity to apportion his or her income tax refund among up to 4 such methods; except that collegeinvest savings account refund deposits must be at least $25, and also the department of revenue retains the right to issue refunds in a manner it deems the most administratively efficient.
(Note: This summary applies to this bill as introduced.)
Prime Sponsors
Senator
Daniel Kagan
Committees
Senate
Finance
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Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 01/31/2017 | Introduced |
| Activity | Vote | Documents |
|---|---|---|
| Refer Senate Bill 17-149 to the Committee on Appropriations. | The motion failed on a vote of 2-3. | Vote summary |
| Postpone Senate Bill 17-149 indefinitely. | The motion passed on a vote of 3-2. | Vote summary |
| Date | Location | Action |
|---|---|---|
| 02/09/2017 | Senate | Senate Committee on Finance Postpone Indefinitely |
| 01/31/2017 | Senate | Introduced In Senate - Assigned to Finance |