Skip to main content
Colorado General AssemblyToggle Main Menu
Agency NameToggle Agency Menu

h_fin_2017a_2017-04-26t11:48:57z2 Hearing Summary

Date: 04/26/2017

Location:

Final

BILL SUMMARY for SB17-075



HOUSE COMMITTEE ON FINANCE


Votes: View--> Action Taken:
Adopt amendment L.006 (see Attachment D). The moti

Refer Senate Bill 17-075, as amended, to the Commi
Pass Without Objection

PASS







12:51 PM -- SB17-075



Representatives Landgraf and Danielson, co-prime sponsors, presented Senate Bill 17-075, which allows an income tax deduction for all annual military retirement benefits received by individuals of all ages beginning in tax year 2017. Under current law, qualifying taxpayers ages 55 to 64 may deduct up to $20,000 in retirement income from their taxable income a year and qualifying taxpayers ages 65 and older may deduct up to $24,000 a year. Committee members received a memo describing the estimated fiscal impact of the bill if amendment L.006 is adopted, prepared by Legislative Council Staff (Attachment D). Committee members also received a fact sheet on the bill prepared by the United Veterans Committee (Attachment E).



17HouseFin0426AttachD.pdf17HouseFin0426AttachD.pdf 17HouseFin0426AttachE.pdf17HouseFin0426AttachE.pdf



12:57 PM --
Mr. Eric Tausch, representing retired veterans, testified in support of the bill and responded to comments and questions from the bill.



01:04 PM --
Mr. Frank McCurdy, representing the United Veterans Committee, testified in support of the bill.



01:08 PM -- Ms. Leanne Wheeler, representing the United Veterans Committee, testified in support of the bill.



01:11 PM -- Mr. David Ortiz, representing the United Veterans Committee, testified in support of the bill.



01:15 PM --
Ms. Shelly Kalkowski, representing the United Veterans Committee, testified in support of the bill.



01:26 PM --
Ms. Amber Egbert, representing the Department of Revenue, responded to committee questions about the bill.

BILL: SB17-075
TIME: 01:29:14 PM
MOVED: Gray
MOTION: Adopt amendment L.006 (see Attachment D). The motion passed without objection.
SECONDED: Herod
VOTE
Beckman
Benavidez
Catlin
Covarrubias
Gray
Herod
Kennedy
Lawrence
Michaelson Jenet
Thurlow
Van Winkle
Foote
Pabon
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection




BILL: SB17-075
TIME: 01:29:46 PM
MOVED: Michaelson Jenet
MOTION: Refer Senate Bill 17-075, as amended, to the Committee on Appropriations. The motion passed on a vote of 10-1.
SECONDED: Gray
VOTE
Beckman
Excused
Benavidez
No
Catlin
Yes
Covarrubias
Yes
Gray
Yes
Herod
Yes
Kennedy
Yes
Lawrence
Yes
Michaelson Jenet
Yes
Thurlow
Yes
Van Winkle
Excused
Foote
Yes
Pabon
Yes
Final YES: 10 NO: 1 EXC: 2 ABS: 0 FINAL ACTION: PASS














COVID-19 Resources
2021 Ballot Information Booklet (Blue Book)
NORTH ENTRANCE IS CURRENTLY CLOSED.  TO ENTER THE CAPITOL, USE THE SOUTH ENTRANCE, UNDER THE STAIRS, AT 14th AVENUE AND SHERMAN STREET.