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D1955AAD833436AF872588380060739B Hearing Summary




PUBLIC
BILL SUMMARY For SB22-124

HOUSE COMMITTEE ON BUSINESS AFFAIRS & LABOR
Date May 4, 2022      
Location HCR 0112



SB22-124 - Amended, referred to House Appropriations


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






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