B5629D6344CCFF1987258805006D7DB0 Hearing Summary

Representative Ransom, bill sponsor, presented House Bill 22-1021. The bill reduces the state income tax rate from 4.55 percent to 4.40 percent beginning in tax year 2022. The committee asked questions on the bill.

Written testimony on the bill can be found in Attachment A.

A panel of witnesses testified on the bill. Christoper Stiffler, representing Colorado Fiscal Institute, testified in opposition to the bill. Chaer Robert, representing Colorado Center on Law and Policy, testified in opposition to the bill. Dawn Fritz, representing Colorado Parent Teacher Association, testified in opposition to the bill. The committee asked questions to the panel.

Scott Wasserman, representing the Bell Policy Center, testified in opposition to the bill. The committee asked questions to the witness.

A panel of witnesses testified on the bill. Antonette Smith, representing AFP Colorado, testified in support of the bill. Angel Merlos, representing The LIBRE Initiative, testified in support of the bill. Benjamin Murrey, representing Independence Institute, testified in support of the bill. The committee asked questions to the panel.