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57D588EC52DEA62387258B110080E851 Hearing Summary




PUBLIC
BILL SUMMARY For SB24-228

SENATE COMMITTEE ON FINANCE
Date May 2, 2024      
Location SCR 357



SB24-228 - Amended, referred to Senate Appropriations

05:28:04 PM  
Senators Mullica
and Lundeen presented SB24-228, which adjusts the mechanisms used to refund
the state TABOR refund obligation starting with the FY 2023-24 surplus
by reinstating a temporary state income tax rate cut, and creates a new
refund mechanism—a temporary reduction in the state sales and use tax
rate—starting with the FY 2024-25 surplus.
05:30:11 PM  

Natalie Menten, representing themself, testified to amend the bill. Heidi Humphreys, representing Colorado Department of Revenue, testified in support of the bill. Josh Pens, representing Colorado Department of Revenue, was available to answer committee questions.



05:41:55 PM
Motion Adopt amendment L.002 (Attachment G).
Moved Mullica
Seconded
Buckner
Hansen
Simpson
Smallwood
Van Winkle
Kolker
Mullica
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


05:42:08 PM
Motion Adopt amendment L.003 (Attachment H).
Moved Mullica
Seconded
Buckner
Hansen
Simpson
Smallwood
Van Winkle
Kolker
Mullica
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


05:44:10 PM
Motion Refer Senate Bill 24-228, as amended, to the Committee on Appropriations.
Moved Mullica
Seconded
Buckner Yes
Hansen Yes
Simpson Yes
Smallwood Yes
Van Winkle Yes
Kolker Yes
Mullica Yes
Final YES: 7   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  PASS






The 2024 Statewide Ballot Information Booklet is now online