s_sa_2016a_2016-05-05t10:09:00z13 Hearing Summary

Date: 05/05/2016

02:03 PM -- HB16-1371



Senator Kefalas presented House Bill 16-1371 to the committee. This bill allows taxpayers to determine how they receive their income tax refunds. Beginning with tax year 2016, the Department of Revenue is required to provide taxpayers the opportunity to split their tax refund among up to four of the following methods:

1) paper check;

2) direct deposit into one or more savings accounts;

3) direct deposit into one or more checking accounts; and

4) direct deposit to one or more CollegeInvest savings accounts.

02:08 PM -- Duy Pham, representing the Bell Policy Center, testified in support of the bill and presented a handout (Attachment G).



16SenateState0505AttachG.pdf



02:10 PM -- Rich Jones, representing the Bell Policy Center, testified in support of the bill.





02:11 PM



Senator Kefalas wrapped up his presentation to the committee.