FB59E6ED46A02FFB8725838A0070ACEC Hearing Summary CLICS/CLICS2019A/commsumm.nsf PUBLICBILL SUMMARY For HB19-1097HOUSE COMMITTEE ON STATE, VETERANS, & MILITARY AFFAIRSDate Jan 22, 2019 Location LSB A HB19-1097 - Postponed Indefinitely Attachment Tag File Name Attachment A http://www2.leg.state.co.us/CLICS/CLICS2019A/commsumm.nsf/0/73131732A2C6...$File/19HouseState0122AttachA.pdf?OpenElement 19HouseState0122AttachA.pdf Attachment B http://www2.leg.state.co.us/CLICS/CLICS2019A/commsumm.nsf/0/7CC089CCA10D...$File/19HouseState0122AttachB.pdf?OpenElement 19HouseState0122AttachB.pdf 01:30:44 PM Minority Leader Neville, bill sponsor, presented House Bill 19-1097. The bill reduces the state income tax rate from 4.63 percent to 4.25 percent for 2019 and all subsequent tax years and makes corresponding changes to the alternative minimum tax. It requires the State Controller to proportionally void General Fund appropriations in amounts equal to the revenue decrease it is expected to cause. The bill reduces General Fund revenue on an ongoing basis and reduces General Fund expenditures for most principal departments. 01:32:18 PM Minority Leader Neville answered questions from the committee. 01:35:59 PM Chris Stiffler, Colorado Fiscal Institute, testified in opposition to the bill. Mr. Stiffler answered questions from the committee. He provided a copy of his written statement to the committee (Attachment A). 01:40:16 PM Matt McCabe, American Federation of Teachers - Colorado, testified in opposition to the bill. 01:44:26 PM Brian Tanner, Colorado Education Association, testified in opposition to the bill. 01:48:51 PM Representative Humphrey explained amendment L.001 (Attachment B). Minority Leader Neville answered questions about the amendment. 01:49:33 PM Minority Leader Neville made concluding remarks about the bill. Committee members commented on the bill. 01:49:33 PM Motion Adopt amendment L.001 (Attachment B). Moved Humphrey Seconded Neville Duran Humphrey Lontine Melton Neville Rich Sirota Jaquez Lewis Kennedy YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 01:52:39 PM Motion Refer House Bill 19-1097, as amended, to the Committee on Finance. Moved Neville Seconded Rich Duran No Humphrey Yes Lontine No Melton No Neville Yes Rich Yes Sirota No Jaquez Lewis No Kennedy No YES: 3 NO: 6 EXC: 0 ABS: 0 FINAL ACTION: FAIL 01:52:57 PM Motion Postpone House Bill 19-1097 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 Melton Seconded Lontine Duran Yes Humphrey No Lontine Yes Melton Yes Neville No Rich No Sirota Yes Jaquez Lewis Yes Kennedy Yes Final YES: 6 NO: 3 EXC: 0 ABS: 0 FINAL ACTION: PASS