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A364CA860EE43B07872586A7006E187B Hearing Summary




PUBLIC
BILL SUMMARY For HB21-1197

HOUSE COMMITTEE ON FINANCE
Date Mar 29, 2021      
Location HCR 0112



HB21-1197 - Amended, referred to House Appropriations


02:03:01 PM  
Representative Woog presented House Bill 21-1197 to the committee. For tax years 2021 through 2025, the bill creates a state income tax credit for taxpayers with taxable incomes below $20,000, or $40,000 if filing jointly, effectively offsetting the amount of state income tax they would otherwise owe.
02:05:11 PM  
Joshua Mantell, representing
Bell Policy Center, testified in opposition to the bill.
02:12:05 PM  
Carol Hedges, representing Colorado FIscal Institute, testified in opposition to the bill.
02:19:01 PM  
Representative Gray distributed and explained amendment L.003 (Attachment C).


02:21:16 PM
Motion Adopt amendment L.003
Moved Gray
Seconded Snyder
Benavidez Yes
Bradfield No
Daugherty Yes
Gonzales-Gutierrez Yes
Gray Yes
Kipp Yes
Luck Excused
Rich No
Sandridge No
Snyder Yes
Bird Yes
YES: 7   NO: 3   EXC: 1   ABS:  0   FINAL ACTION:  PASS
02:21:30 PM  
Representative Woog wrapped up his presentation on the bill.


02:28:23 PM
Motion Refer House Bill 21-1197, as amended, to the Committee on Appropriations.
Moved Snyder
Seconded Benavidez
Benavidez Yes
Bradfield No
Daugherty Yes
Gonzales-Gutierrez Yes
Gray Yes
Kipp Yes
Luck Excused
Rich Yes
Sandridge No
Snyder No
Bird No
YES: 6   NO: 4   EXC: 1   ABS:  0   FINAL ACTION:  PASS






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