E9FA1DF179F596F187258808005E699F Hearing Summary

Representative Pelton, prime sponsor, presented House Bill 22-1129. The bill provides a rebate to taxpayers in income tax year 2022 totaling the amount of the projected FY 2021-22 General Fund surplus. It increases state expenditures to issue rebates to taxpayers in FY 2022-23, which will reduce available funds to spend or save in FY 2022-23 or future years. He responded to questions from the committee.

Ed DeCecco, representing the Office of Legislative Legal Services, came to the table to respond to questions from the committee.

Louis Pino, representing Legislative Council Staff, came to the table to respond to questions about the fiscal note.

The committee continued to discuss the bill with Representative Pelton, Mr. DeCecco, and Mr. Pino.

Esther Turcios, representing the Colorado Fiscal Institute, testified in opposition to the bill.

Joshua Mantell, representing The Bell Policy Center, testified in opposition to the bill.

Cory Gaines, representing himself, testified in support of the bill.