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3C36A42A537F5C15872584FC007316FF Hearing Summary




PUBLIC
BILL SUMMARY For HB20-1024

HOUSE COMMITTEE ON FINANCE
Date Jan 27, 2020      
Location HCR 0112



HB20-1024 - Amended, referred to House Appropriations


01:57:08 PM  
Representatives Benavidez and Snyder presented
House Bill 20-1024, along with amendment L.001 (Attachment D).  The
bill modifies the Colorado Net Operating Loss Deduction allowing taxpayers
to carry the deduction forward for 20 years, rather than for an unlimited
number of years.
02:03:18 PM  
Caroline Nutter, representing the Colorado Fiscal Institute, testified in support of the bill.
02:03:39 PM  

Representative Snyder explained L.001 (Attachment D).



02:06:42 PM
Motion Adopt amendment L.001
Moved Snyder
Seconded Benavidez
Benavidez
Bockenfeld
Gray
Kraft-Tharp
McKean
Sandridge
Snyder
Sullivan
Bird
Herod
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection
02:06:44 PM  
Wrap up


02:07:45 PM
Motion Refer House Bill 20-1024, as amended, to the Committee on Appropriations.
Moved Snyder
Seconded Benavidez
Benavidez Yes
Bockenfeld No
Gray Yes
Kraft-Tharp Yes
McKean No
Sandridge No
Snyder Yes
Sullivan Yes
Bird Yes
Herod Yes
Final YES: 7   NO: 3   EXC: 0   ABS:  0   FINAL ACTION:  PASS