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08E7AB2646CF9599872587F80003EF6D Hearing Summary




PUBLIC
BILL SUMMARY For HB22-1126

HOUSE COMMITTEE ON FINANCE
Date Feb 28, 2022      
Location HCR 0112



HB22-1126 - Postponed Indefinitely


05:43:04 PM  
Representative Rich, prime sponsor, presented House Bill 22-1126. For tax years 2022 through 2026, the bill creates a state income tax credit of up to $500 for eligible educators that teach kindergarten through twelfth grade and classroom paraprofessionals that incur certain out-of-pocket classroom expenses. The credit amount is equal to the educator's qualifying classroom expenses in excess of the $250 deduction allowed on their federal income tax return, but not exceeding $750. The tax credit is refundable, meaning if the amount exceeds the taxpayer's state income tax liability, the balance is refunded to the taxpayer. Eligible educators filing a joint income tax return may each claim the full credit. She responded to questions from the committee.
05:50:06 PM  
The committee continued to discuss the bill with the sponsor. Ed DeCecco, representing the Office of Legislative Legal Services, came to the table to respond to committee questions.
06:00:21 PM  
Representative Rich wrapped up her presentation of the bill and asked for a favorable recommendation.
06:01:47 PM  
Members of the committee commented about their positions on the bill.


06:12:40 PM
Motion Refer House Bill 22-1126 to the Committee on Appropriations.
Moved Rich
Seconded Snyder
Benavidez No
Daugherty Yes
Gray No
Kipp No
Luck Yes
Rich Yes
Sandridge Yes
McKean Excused
Tipper No
Snyder No
Bird Yes
YES: 5   NO: 5   EXC: 1   ABS:  0   FINAL ACTION:  FAIL


06:13:37 PM
Motion Postpone House Bill 22-1126 indefinitely.
Moved Snyder
Seconded Benavidez
Benavidez Yes
Daugherty Yes
Gray Yes
Kipp Yes
Luck No
Rich No
Sandridge No
McKean Excused
Tipper Yes
Snyder Yes
Bird Yes
Final YES: 7   NO: 3   EXC: 1   ABS:  0   FINAL ACTION:  PASS






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