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77E9310875EAA7E387258AE4008249D9 Hearing Summary




PUBLIC
BILL SUMMARY For HB24-1142

HOUSE COMMITTEE ON FINANCE
Date Mar 18, 2024      
Location HCR 0112



HB24-1142 - Amended, referred to House Appropriations
05:43:09 PM  
Representatives Holtorf
and Joseph, co-prime sponsors, presented House Bill 24-1142.  The
bill removes the cap on the amount of social security income that individuals
ages 55 to 64 may deduct from their state income tax.  The bill sponsors
distributed amendments L.001 (Attachment K), L.002 (Attachment L), and
L.003 (Attachment M), and responded to questions from the committee.
05:51:35 PM  
Greg Sobetski, representing Legislative Council Staff, was available to respond to questions about the fiscal note.
06:02:49 PM  
Caroline Nutter, representing the Colorado Fiscal Institute, testified in support of the bill.
06:05:21 PM  
Mr. Dennis Valentine, representing AARP, testified in support of the bill.
06:08:48 PM  
The witnesses responded to questions from the committee.


06:12:17 PM
 Motion Adopt amendment L.001 (Attachment K).
Moved Holtorf
Seconded Joseph
deGruy Kennedy
Frizell
Garcia
Holtorf
Kipp
Lindstedt
Marshall
Soper
Weinberg
Joseph
Snyder
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


06:14:16 PM
 Motion Adopt amendment L.002 (Attachment L).
Moved Joseph
Seconded Holtorf
deGruy Kennedy
Frizell
Garcia
Holtorf
Kipp
Lindstedt
Marshall
Soper
Weinberg
Joseph
Snyder
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


06:15:02 PM
 Motion Adopt amendment L.003 (Attachment M).
Moved Holtorf
Seconded Joseph
deGruy Kennedy
Frizell
Garcia
Holtorf
Kipp
Lindstedt
Marshall
Soper
Weinberg
Joseph
Snyder
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


06:16:39 PM
 Motion Refer House Bill 24-1142, as amended, to the Committee on Appropriations.
Moved Joseph
Seconded Frizell
deGruy Kennedy Yes
Frizell Yes
Garcia Yes
Holtorf Yes
Kipp Yes
Lindstedt Yes
Marshall No
Soper Yes
Weinberg No
Joseph Yes
Snyder Yes
Final YES: 9   NO: 2   EXC: 0   ABS:  0   FINAL ACTION:  PASS






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