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s_fin_2018a_2018-01-30t14:03:19z2 Hearing Summary




PUBLIC
BILL SUMMARY For SB18-061

SENATE COMMITTEE ON FINANCE
Date Jan 30, 2018      
Location SCR 357



SB18-061 - Referred to Senate Appropriations


02:32:25 PM  
Senators Grantham and Sonnenberg, co-prime sponsors, presented Senate Bill 18-061, which reduces the state income tax rate from 4.63 percent to 4.43 percent for 2018 and all subsequent tax years.
02:34:46 PM  

Senators Sonnenberg and Grantham responded to committee questions.

02:54:12 PM  

Former Senator Edie Hudak, representing Colorado PTA, testified in opposition to the bill.

02:54:45 PM  
Carol Hedges, representing the Colorado Fiscal Institute, testified in opposition to the bill.
02:57:26 PM  

Scott Wasserman, representing the Bell Policy Center, testified in opposition to the bill.  Mr. Wasserman distributed a chart depicting recent investment in Colorado state services [Attachment C].

03:05:35 PM  
Ms. Hedges and Senator Hudak responded to committee questions.
03:14:21 PM  
Mr. Wasserman responded to committee questions.
03:17:10 PM  
Ms. Hedges responded to additional committee questions.
03:20:22 PM  

Shari Shiffer-Krieger, representing Americans for Prosperity, testified in support of the bill.

03:29:25 PM  
Tony Gagliardi, representing the National Federation of Independent Business, testified in support of the bill.
03:31:54 PM  
Senators Grantham and Sonnenberg wrapped up their presentation of the bill.


03:44:20 PM
Motion Refer Senate Bill 18-061 to the Committee on Appropriations.
Moved Smallwood
Seconded
Court No
Jahn No
Tate Yes
Smallwood Yes
Neville T. Yes
Final YES: 3   NO: 2   EXC: 0   ABS:  0   FINAL ACTION:  PASS