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H_FIN_2024A 01/11/2024 12:30:49 PM Committee Summary

PUBLIC
STAFF SUMMARY OF MEETING
HOUSE COMMITTEE ON FINANCE
Date 01/11/2024
Attendance
Bottoms X
deGruy Kennedy X
Frizell *
Garcia X
Hartsook *
Kipp X
Lindstedt X
Marshall X
Weinberg X
Joseph X
Snyder X
Time 12:30:49 PM to 01:16:02 PM
Place HCR 0112
This Meeting was called to order by Snyder
This Report was prepared by Jessika Shipley
Hearing Items Action Taken
HB24-1084 Referred to House Appropriations

HB24-1084 - Referred to House Appropriations


12:32:09 PM  
Representatives Wilford and Young, co-prime sponsors, presented House Bill 24-1084. The bill repeals and re-enacts an earned income tax credit bill that was passed during the 2023 Special Session. The sponsors responded to questions from the committee.
12:44:22 PM  
The committee discussed legal matters surrounding the bill.
12:47:09 PM  
Ms. Caroline Nutter, representing the Colorado Fiscal Institute, testified in support of the bill.
12:50:21 PM  
Mr. George Davis V, representing Clayton Community Ambassadors, testified in support of the bill.
12:53:06 PM  
Ms. Nutter responded to questions from the committee.
12:54:48 PM  
Josh Pens, representing
the Department of Revenue, was available to answer committee questions.
12:55:00 PM  
Elizabeth Ramey, representing Legislative Council Staff, responded to questions from the committee about the effect of the bill on TABOR refunds.
12:59:15 PM  
Mr. Pens returned to respond to questions from the committee.
01:08:50 PM  
The committee continued to discuss the earned income tax credit.
01:13:40 PM  
The bill sponsors provided closing comments.


01:15:51 PM
Motion Refer House Bill 24-1084 to the Committee on Appropriations.
Moved Joseph
Seconded Garcia
Bottoms No
deGruy Kennedy Yes
Frizell No
Garcia Yes
Hartsook No
Kipp Yes
Lindstedt Yes
Marshall No
Weinberg No
Joseph Yes
Snyder Yes
Final YES: 6   NO: 5   EXC: 0   ABS:  0   FINAL ACTION:  PASS


01:16:02 PM   The committee adjourned.