CLICS/CLICS2022A/commsumm.nsf
PUBLIC
BILL SUMMARY For HB22-1126
HOUSE COMMITTEE ON FINANCE
Date Feb 28, 2022
Location HCR 0112
HB22-1126 - Postponed Indefinitely
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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.
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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.
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06:00:21 PM |
Representative Rich wrapped up her presentation of the bill and asked for a favorable recommendation.
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06:01:47 PM |
Members of the committee commented about their positions on the bill.
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06:12:40 PM
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Motion |
Refer House Bill 22-1126 to the Committee on Appropriations. |
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Moved |
Rich |
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Seconded |
Snyder |
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Benavidez |
No |
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Daugherty |
Yes |
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Gray |
No |
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Kipp |
No |
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Luck |
Yes |
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Rich |
Yes |
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Sandridge |
Yes |
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McKean |
Excused |
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Tipper |
No |
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Snyder |
No |
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Bird |
Yes |
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YES: 5 NO: 5 EXC: 1 ABS: 0 FINAL ACTION: FAIL |
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06:13:37 PM
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Motion |
Postpone House Bill 22-1126 indefinitely. |
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Moved |
Snyder |
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Seconded |
Benavidez |
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Benavidez |
Yes |
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Daugherty |
Yes |
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Gray |
Yes |
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Kipp |
Yes |
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Luck |
No |
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Rich |
No |
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Sandridge |
No |
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McKean |
Excused |
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Tipper |
Yes |
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Snyder |
Yes |
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Bird |
Yes |
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Final |
YES: 7 NO: 3 EXC: 1 ABS: 0 FINAL ACTION: PASS |
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