998102948545CA3287258805007329C9 Hearing Summary

Representative Rich, bill sponsor, presented House Bill 22-1125. The bill permanently reduces the state income tax rate by 0.05 percentage points in years where the state’s TABOR refund obligation would trigger a temporary income tax reduction under current law.

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

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

A panel of witnesses testified on the bill. Caroline Nutter, 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. Joshua Mantell, representing The Bell Policy Center, testified in opposition to the bill. Dawn Fritz, representing Colorado Parent Teacher Association, testified in opposition to the bill.