Representative Caldwell and Minority Leader Pugliese, co-prime bill sponsors, presented House Bill 25B-1020, concerning additions to the definition of federal taxable income for purposes of determining a taxpayer's state taxable income. The bill repeals the state income tax addition for overtime compensation, and creates a statutory voter approval requirement for certain new state income tax additions.

Representative Caldwell and Minority Leader Pugliese responded to questions from the committee.

Kathy White, representing the Colorado Fiscal Institute, testified in opposition to the bill. Brandon Wark, representing themself, testified in support of the bill. Joshua Mantell, representing The Bell Policy Center, testified in opposition to the bill. Natalie Menten, representing themself, testified in support of the bill. The panelist responded to questions from the committee.

Written testimony (Attachment B) was provided to the committee.

Representative Caldwell and Minority Leader Pugliese made concluding remarks on the bill. Committee members commented on the bill.