A364CA860EE43B07872586A7006E187B Hearing Summary CLICS/CLICS2021A/commsumm.nsf PUBLICBILL SUMMARY For HB21-1197HOUSE COMMITTEE ON FINANCEDate Mar 29, 2021 Location HCR 0112 HB21-1197 - Amended, referred to House Appropriations Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2021A/commsumm.nsf/0/1D5E7A272E32...$File/210329 AttachC.pdf?OpenElement 210329 AttachC.pdf 02:03:01 PM Representative Woog presented House Bill 21-1197 to the committee. For tax years 2021 through 2025, the bill creates a state income tax credit for taxpayers with taxable incomes below $20,000, or $40,000 if filing jointly, effectively offsetting the amount of state income tax they would otherwise owe. 02:05:11 PM Joshua Mantell, representing Bell Policy Center, testified in opposition to the bill. 02:12:05 PM Carol Hedges, representing Colorado FIscal Institute, testified in opposition to the bill. 02:19:01 PM Representative Gray distributed and explained amendment L.003 (Attachment C). 02:21:16 PM Motion Adopt amendment L.003 Moved Gray Seconded Snyder Benavidez Yes Bradfield No Daugherty Yes Gonzales-Gutierrez Yes Gray Yes Kipp Yes Luck Excused Rich No Sandridge No Snyder Yes Bird Yes YES: 7 NO: 3 EXC: 1 ABS: 0 FINAL ACTION: PASS 02:21:30 PM Representative Woog wrapped up his presentation on the bill. 02:28:23 PM Motion Refer House Bill 21-1197, as amended, to the Committee on Appropriations. Moved Snyder Seconded Benavidez Benavidez Yes Bradfield No Daugherty Yes Gonzales-Gutierrez Yes Gray Yes Kipp Yes Luck Excused Rich Yes Sandridge No Snyder No Bird No YES: 6 NO: 4 EXC: 1 ABS: 0 FINAL ACTION: PASS