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F037C936B101F952872587F20077C940 Hearing Summary




PUBLIC
BILL SUMMARY For SB22-124

SENATE COMMITTEE ON FINANCE
Date Feb 23, 2022      
Location Old Supreme Court



SB22-124 - Amended, referred to Senate Appropriations

02:48:26 PM  
Sens. Woodward and
Kolker introduced Senate Bill 22-124.  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.
 The sponsors answered some committee questions.  Written testimony
may be found in Attachment B.
03:01:52 PM  
Mr. Phil Horwitz,
representing himself, testified in support of the bill. Mr. Raymond Gonzales,
representing the Denver Metro Chamber of Commerce, testified in support
of the bill.
03:08:43 PM  
Ms. Amber Egbert,
representing the Colorado Department of Revenue, testified in a neutral
position on the bill.  She answered several committee questions.
03:09:18 PM  
Sens. Woodward and
Kolker discussed some possible amendments and provided closing comments.


03:16:22 PM
Motion Adopt amendment L.001 (Attachment C)
Moved Winter
Seconded
Donovan
Hisey
Lee
Priola
Scott
Winter
Bridges
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


03:17:08 PM
Motion Adopt amendment L.002 (Attachment D)
Moved Winter
Seconded
Donovan
Hisey
Lee
Priola
Scott
Winter
Bridges
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


03:19:37 PM
Motion Refer Senate Bill 22-124, as amended, to the Committee on Appropriations.
Moved Winter
Seconded
Donovan Yes
Hisey Yes
Lee Yes
Priola Yes
Scott Yes
Winter Yes
Bridges Yes
Final YES: 7   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  PASS






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