h_sa_2016a_2016-05-02t13:31:56z4 Hearing Summary
Date: 05/02/2016
Final
BILL SUMMARY for SB16-086
HOUSE COMMITTEE ON STATE, VETERANS, & MILITARY AFFAIRS
| Votes: View--> | Action Taken: |
| Postpone Senate Bill 16-086 indefinitely. The mot Refer Senate Bill 16-086 to the Committee on Finan |
PASS FAIL |
04:40 PM -- SB16-086
Representative Neville, sponsor, presented Senate Bill 16-086 to the committee. Under current law, qualifying taxpayers ages 55 to 64 may deduct up to $20,000 in pension or annuity income from their taxable income each year and qualifying taxpayers ages 65 and older may deduct up to $24,000 each year. This bill eliminates these limitations, allowing taxpayers to deduct the entire amount of their pension and annuity income from state taxable income beginning in tax year 2017.
Committee members discussed the bill with Representative Neville.
04:52 PM -- Chris Muntean, representing the Department of Revenue, responded to committee member questions.
04:53 PM
Representative Neville wrapped up his presentation of the bill.
| BILL: | SB16-086 | |
| TIME: | 04:57:47 PM | |
| MOVED: | Neville P. | |
| MOTION: | Refer Senate Bill 16-086 to the Committee on Finance. The motion failed on a vote of 4-5. | |
| SECONDED: | Leonard | |
|
VOTE
|
||
|
Foote
|
No
|
|
|
Humphrey
|
Yes
|
|
|
Leonard
|
Yes
|
|
|
Neville P.
|
Yes
|
|
|
Primavera
|
No
|
|
|
Tyler
|
No
|
|
|
Wist
|
Yes
|
|
|
Lontine
|
No
|
|
|
Ryden
|
No
|
|
|
YES: 4 NO: 5 EXC: 0 ABS: 0 FINAL ACTION: FAIL
|
||
| BILL: | SB16-086 | |
| TIME: | 04:57:21 PM | |
| MOVED: | Lontine | |
| MOTION: | Postpone Senate Bill 16-086 indefinitely. The motion passed on a vote of 5-4. | |
| SECONDED: | Foote | |
|
VOTE
|
||
|
Foote
|
Yes
|
|
|
Humphrey
|
No
|
|
|
Leonard
|
No
|
|
|
Neville P.
|
No
|
|
|
Primavera
|
Yes
|
|
|
Tyler
|
Yes
|
|
|
Wist
|
No
|
|
|
Lontine
|
Yes
|
|
|
Ryden
|
Yes
|
|
|
Final YES: 5 NO: 4 EXC: 0 ABS: 0 FINAL ACTION: PASS
|
||
04:58 PM
The committee adjourned.