Representatives Bottoms and Pugliese, co-sponsors, presented House Bill 24-1065. The bill reduces the state income tax rate from 4.4 percent to 4.0 percent beginning in tax year 2025.

The committee discussed the bill with the sponsors.

Discussion continued.

Ms. Chaer Robert, representing the Colorado Center on Law and Policy, testified in opposition to the bill.

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

Mr. Geoff Withers, representing the League of Women Voters of Colorado, testified in opposition to the bill.

Mr. Lorenzo Harris, representing Colorado WINS, testified in opposition to the bill.

The panel of witnesses responded to questions from the committee.

Mr. Christopher Stiffler, representing the Colorado Fiscal Institute, testified in opposition to the bill.

Amie Baca Oehlert, representing the Colorado Education Association, testified in opposition to the bill.

Ms. Kiyana Newell, representing New Era Colorado, testified in opposition to the bill.

Evie Hudak, representing Colorado PTA, testified in opposition to the bill.

Adriana Cuva, representing themself, testified in support of the bill.

Donna LaBelle, representing themself, testified in support of the bill.

Mr. Tony Gagliardi, representing the National Federation of Independent Business, testified in support of the bill.

Ms. Erin Meschke, representing themself, testified in support of the bill.

The bills sponsors made closing comments and asked for a favorable recommendation.

Members of the committee commented about their positions on the bill.