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h_fin_2016a_2016-03-02t13:34:00z1 Hearing Summary

Date: 03/02/2016



Final

BILL SUMMARY for HB16-1045



HOUSE COMMITTEE ON FINANCE


Votes: View--> Action Taken:
Adopt amendment L.001 (Attachment I). The motion p

Adopt amendment L.002 (Attachment F). The motion p

Adopt amendment L.004 (Attachment J). The motion f

Postpone House Bill 16-1045 indefinitely. The mot

Refer House Bill 16-1045, as amended, to the Commi
Pass Without Objection

PASS

FAIL

PASS

FAIL









02:55 PM -- HB16-1045



Representative Singer, sponsor, introduced House Bill 16-1045. The bill, recommended by the Early Childhood and School Readiness Legislative Commission, repeals the contingent start of the refundable Colorado child tax credit, allowing the credit to be claimed beginning in tax year 2016. Beginning in tax year 2016, qualifying taxpayers may claim a refundable state income tax credit equal to 30 percent, 15 percent, or 5 percent of the federal child tax credit depending on their federal adjustable gross income (AGI). The credit is capped for single filers at an AGI of $75,000, and for joint filers at an AGI of $85,000. Representative Singer distributed a handout (Attachment E) and amendment L.002 (Attachment F).



16HouseFin0302AttachE.pdf16HouseFin0302AttachE.pdf 16HouseFin0302AttachF.pdf16HouseFin0302AttachF.pdf



03:07 PM -- Ms. Krystin Stevenson, representing Colorado 9 to 5, came to the table to testify in support of the bill.



03:16 PM -- Ms. Thamanna Vasan, representing the Colorado Fiscal Institute, came to the table to testify in support of the bill. She distributed a handout to the committee (Attachment G). She answered several committee questions.



16HouseFin0302AttachG.pdf16HouseFin0302AttachG.pdf



03:20 PM -- Ms. Chaer Robert, representing the Colorado Center on Law and Policy, came to the table to testify in support of the bill. She answered committee questions.



03:24 PM -- Mr. Rich Jones, representing the Bell Policy Center, came to the table to testify in support of the bill. He answered committee questions. He distributed a handout to the committee (Attachment H).



16HouseFin0302AttachH.pdf16HouseFin0302AttachH.pdf



03:30 PM -- Mr. Eric Myers, representing DOR, came to the table to answer committee questions.

BILL: HB16-1045
TIME: 03:46:06 PM
MOVED: Court
MOTION: Adopt amendment L.001 (Attachment I). The motion passed without objection.

16HouseFin0302AttachI.pdf16HouseFin0302AttachI.pdf
SECONDED: Garnett
VOTE
Becker K.
Conti
Garnett
Kagan
Pabon
Priola
Roupe
Van Winkle
Wilson
Foote
Court
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection
BILL: HB16-1045
TIME: 03:47:17 PM
MOVED: Priola
MOTION: Adopt amendment L.004 (Attachment J). The motion failed on a vote of 5-6.

16HouseFin0302AttachJ.pdf16HouseFin0302AttachJ.pdf
SECONDED: Roupe
VOTE
Becker K.
No
Conti
Yes
Garnett
No
Kagan
No
Pabon
No
Priola
Yes
Roupe
Yes
Van Winkle
Yes
Wilson
Yes
Foote
No
Court
No
YES: 5 NO: 6 EXC: 0 ABS: 0 FINAL ACTION: FAIL






BILL: HB16-1045
TIME: 03:52:27 PM
MOVED: Kagan
MOTION: Adopt amendment L.002 (Attachment F). The motion passed on a vote of 10-1.
SECONDED: Garnett
VOTE
Becker K.
Yes
Conti
Yes
Garnett
Yes
Kagan
Yes
Pabon
Yes
Priola
Yes
Roupe
Yes
Van Winkle
No
Wilson
Yes
Foote
Yes
Court
Yes
YES: 10 NO: 1 EXC: 0 ABS: 0 FINAL ACTION: PASS





03:57 PM



Committee discussion ensued.




BILL: HB16-1045
TIME: 04:10:13 PM
MOVED: Kagan
MOTION: Refer House Bill 16-1045, as amended, to the Committee on Appropriations. The motion failed on a vote of 3-8.
SECONDED: Garnett
VOTE
Becker K.
No
Conti
No
Garnett
Yes
Kagan
Yes
Pabon
No
Priola
No
Roupe
Yes
Van Winkle
No
Wilson
No
Foote
No
Court
No
YES: 3 NO: 8 EXC: 0 ABS: 0 FINAL ACTION: FAIL






BILL: HB16-1045
TIME: 04:10:40 PM
MOVED: Court
MOTION: Postpone House Bill 16-1045 indefinitely. The motion passed on a vote of 8-3.
SECONDED: Pabon
VOTE
Becker K.
Yes
Conti
No
Garnett
No
Kagan
No
Pabon
Yes
Priola
Yes
Roupe
Yes
Van Winkle
Yes
Wilson
Yes
Foote
Yes
Court
Yes
Final YES: 8 NO: 3 EXC: 0 ABS: 0 FINAL ACTION: PASS






The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details