77E9310875EAA7E387258AE4008249D9 Hearing Summary CLICS/CLICS2024A/commsumm.nsf PUBLICBILL SUMMARY For HB24-1142HOUSE COMMITTEE ON FINANCEDate Mar 18, 2024 Location HCR 0112 HB24-1142 - Amended, referred to House Appropriations Attachment Tag File Name http://www2.leg.state.co.us/CLICS/CLICS2024A/commsumm.nsf/0/DCE1AE746B67...$File/Attachment M HB1142_L.003.pdf?OpenElement Attachment M HB1142_L.003.pdf 05:43:09 PM Representatives Holtorf and Joseph, co-prime sponsors, presented House Bill 24-1142. The bill removes the cap on the amount of social security income that individuals ages 55 to 64 may deduct from their state income tax. The bill sponsors distributed amendments L.001 (Attachment K), L.002 (Attachment L), and L.003 (Attachment M), and responded to questions from the committee. 05:51:35 PM Greg Sobetski, representing Legislative Council Staff, was available to respond to questions about the fiscal note. 06:02:49 PM Caroline Nutter, representing the Colorado Fiscal Institute, testified in support of the bill. 06:05:21 PM Mr. Dennis Valentine, representing AARP, testified in support of the bill. 06:08:48 PM The witnesses responded to questions from the committee. 06:12:17 PM Motion Adopt amendment L.001 (Attachment K). Moved Holtorf Seconded Joseph deGruy Kennedy Frizell Garcia Holtorf Kipp Lindstedt Marshall Soper Weinberg Joseph Snyder YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 06:14:16 PM Motion Adopt amendment L.002 (Attachment L). Moved Joseph Seconded Holtorf deGruy Kennedy Frizell Garcia Holtorf Kipp Lindstedt Marshall Soper Weinberg Joseph Snyder YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 06:15:02 PM Motion Adopt amendment L.003 (Attachment M). Moved Holtorf Seconded Joseph deGruy Kennedy Frizell Garcia Holtorf Kipp Lindstedt Marshall Soper Weinberg Joseph Snyder YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 06:16:39 PM Motion Refer House Bill 24-1142, as amended, to the Committee on Appropriations. Moved Joseph Seconded Frizell deGruy Kennedy Yes Frizell Yes Garcia Yes Holtorf Yes Kipp Yes Lindstedt Yes Marshall No Soper Yes Weinberg No Joseph Yes Snyder Yes Final YES: 9 NO: 2 EXC: 0 ABS: 0 FINAL ACTION: PASS