E697D68216D6860B872585060069ED20 Hearing Summary

PUBLIC
BILL SUMMARY For SB20-050

SENATE COMMITTEE ON FINANCE
Date Feb 6, 2020
Location SCR 357

SB20-050 - Postponed Indefinitely

12:17:04 PM

Senator Woodward introduced Senate Bill
20-050. The bill creates a state income tax credit of up to $500
for eligible educators that incur certain out-of-pocket expenses. Senator
Woodward discussed legal issues related to the introduction of revenue-raising
bills in the Senate.

12:19:33 PM

Amber Egbert, Colorado Department of Revenue, responded to questions from the committee regarding the bill's fiscal note and efforts of the department to prevent fraud with regard to refundable tax credits.

12:22:59 PM

Senator Gonzales commented on the bill and a similar bill introduced in the House. The committee discussed the issues related to introducing revenue raising bills in the Senate. Committee members commented on the bill.

12:35:36 PM	Motion	Refer Senate Bill 20-050 to the Committee on Appropriations.
	Moved	Hansen
	Seconded

	Hansen	No
	Lundeen	Yes
	Tate	Yes
	Todd	No
	Woodward	Yes
	Lee	No
	Gonzales	No
		YES: 3 NO: 4 EXC: 0 ABS: 0 FINAL ACTION: FAIL

12:35:46 PM	Motion	Postpone Senate Bill 20-050 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	Gonzales
	Seconded

	Hansen	Yes
	Lundeen	No
	Tate	No
	Todd	Yes
	Woodward	No
	Lee	Yes
	Gonzales	Yes
	Final	YES: 4 NO: 3 EXC: 0 ABS: 0 FINAL ACTION: PASS

SB20-050 - Postponed Indefinitely

Colorado General Assembly