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FFDBBE95BC2F694D87258AD2005CF3F8 Hearing Summary




PUBLIC
BILL SUMMARY For HB24-1144

HOUSE COMMITTEE ON FINANCE
Date Feb 29, 2024      
Location HCR 0112



HB24-1144 - Postponed Indefinitely
09:55:21 AM  
Minority Leader Pugliese, sponsor, presented House Bill 24-1144. For 2024 and 2025 only, the bill creates a state income tax credit for a home seller who buys down the buyer's mortgage interest rate at closing. She distributed amendment L.001 (Attachment A) and responded to questions from the committee.
10:00:09 AM  
Rachel Lee, representing the Colorado Association of Home Builders, testified in support of the bill.
10:04:02 AM  
Greg Sobestski, representing Legislative Council Staff, was available to respond to committee questions about the fiscal notes.
10:05:13 AM  
Alison Morgan, representing the Colorado Bankers Association, testified in support of the bill.
10:05:28 AM  
Mr. Sobestski spoke at length about the tax credit offered in the bill.


10:17:00 AM
 Motion Adopt amendment L.001 (Attachment A).
Moved Joseph
Seconded Marshall
deGruy Kennedy
Frizell
Garcia
Hartsook
Kipp
Lindstedt
Marshall
Soper
Weinberg
Joseph
Snyder
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection
10:17:02 AM  
The Minority Leader made closing comments and asked for a favorable recommendation.


10:19:51 AM
 Motion Refer House Bill 24-1144, as amended, to the Committee on Appropriations.
Moved Joseph
Seconded Frizell
deGruy Kennedy No
Frizell Yes
Garcia No
Hartsook Excused
Kipp No
Lindstedt No
Marshall No
Soper No
Weinberg No
Joseph No
Snyder Yes
YES: 2   NO: 8   EXC: 1   ABS:  0   FINAL ACTION:  FAIL


10:20:11 AM
 Motion Postpone House Bill 24-1144 indefinitely using a reversal of the previous roll call. There was no objection to the use of the reverse roll call, therefore, the bill was postponed indefinitely.
Moved Kipp
Seconded Lindstedt
deGruy Kennedy Yes
Frizell No
Garcia Yes
Hartsook Excused
Kipp Yes
Lindstedt Yes
Marshall Yes
Soper Yes
Weinberg Yes
Joseph Yes
Snyder No
Final YES: 8   NO: 2   EXC: 1   ABS:  0   FINAL ACTION:  PASS






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