Representatives deGruy Kennedy and Pugliese, co-prime sponsors, presented Senate Bill 24-228. The bill adjusts the mechanisms used to refund the state TABOR refund obligation starting with the FY 2023-24 surplus by reinstating a temporary state income tax rate cut, and creates a new refund mechanism - a temporary reduction in the state sales and use tax rate - starting with the FY 2024-25 surplus. The bill sponsors responded to questions from the committee.