CLICS/CLICS2024A/commsumm.nsf
PUBLIC
BILL SUMMARY For HB24-1144
HOUSE COMMITTEE ON FINANCE
Date Feb 29, 2024
Location HCR 0112
HB24-1144 - Postponed Indefinitely
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09:55:21 AM |
Minority Leader Pugliese, sponsor, presented House Bill 24-1144. For 2024 and 2025 only, the bill creates a state income tax credit for a home seller who buys down the buyer's mortgage interest rate at closing. She distributed amendment L.001 (Attachment A) and responded to questions from the committee.
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10:00:09 AM |
Rachel Lee, representing the Colorado Association of Home Builders, testified in support of the bill.
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10:04:02 AM |
Greg Sobestski, representing Legislative Council Staff, was available to respond to committee questions about the fiscal notes.
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10:05:13 AM |
Alison Morgan, representing the Colorado Bankers Association, testified in support of the bill.
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10:05:28 AM |
Mr. Sobestski spoke at length about the tax credit offered in the bill.
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10:17:00 AM
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Motion |
Adopt amendment L.001 (Attachment A). |
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| Moved |
Joseph |
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| Seconded |
Marshall |
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deGruy Kennedy |
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Frizell |
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Garcia |
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Hartsook |
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Kipp |
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Lindstedt |
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Marshall |
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Soper |
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Weinberg |
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Joseph |
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Snyder |
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YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection |
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10:17:02 AM |
The Minority Leader made closing comments and asked for a favorable recommendation.
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10:19:51 AM
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Motion |
Refer House Bill 24-1144, as amended, to the Committee on Appropriations. |
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| Moved |
Joseph |
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| Seconded |
Frizell |
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deGruy Kennedy |
No |
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Frizell |
Yes |
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Garcia |
No |
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Hartsook |
Excused |
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Kipp |
No |
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Lindstedt |
No |
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Marshall |
No |
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Soper |
No |
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Weinberg |
No |
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Joseph |
No |
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Snyder |
Yes |
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YES: 2 NO: 8 EXC: 1 ABS: 0 FINAL ACTION: FAIL |
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10:20:11 AM
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Motion |
Postpone House Bill 24-1144 indefinitely using a reversal of the previous roll call. There was no objection to the use of the reverse roll call, therefore, the bill was postponed indefinitely. |
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| Moved |
Kipp |
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| Seconded |
Lindstedt |
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deGruy Kennedy |
Yes |
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Frizell |
No |
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Garcia |
Yes |
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Hartsook |
Excused |
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Kipp |
Yes |
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Lindstedt |
Yes |
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Marshall |
Yes |
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Soper |
Yes |
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Weinberg |
Yes |
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Joseph |
Yes |
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Snyder |
No |
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Final |
YES: 8 NO: 2 EXC: 1 ABS: 0 FINAL ACTION: PASS |
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