CE5042AB84A433278725822500765062 Hearing Summary

Senators Grantham and Sonnenberg, co-prime sponsors, presented Senate Bill 18-061, which reduces the state income tax rate from 4.63 percent to 4.43 percent for 2018 and all subsequent tax years.

Senators Sonnenberg and Grantham responded to committee questions.

Former Senator Edie Hudak, representing Colorado PTA, testified in opposition to the bill.

Carol Hedges, representing the Colorado Fiscal Institute, testified in opposition to the bill.

Scott Wasserman, representing the Bell Policy Center, testified in opposition to the bill.  Mr. Wasserman distributed a chart depicting recent investment in Colorado state services [Attachment C].

Ms. Hedges and Senator Hudak responded to committee questions.

Mr. Wasserman responded to committee questions.

Ms. Hedges responded to additional committee questions.

Shari Shiffer-Krieger, representing Americans for Prosperity, testified in support of the bill.

Tony Gagliardi, representing the National Federation of Independent Business, testified in support of the bill.

Senators Grantham and Sonnenberg wrapped up their presentation of the bill.