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13FA218EC651F9DF87258AE4006E1DDA Hearing Summary




PUBLIC
BILL SUMMARY For HB24-1243

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



HB24-1243 - Committee Discussion and Witness Testimony Only
02:02:49 PM  
The committee took a brief recess.
02:11:26 PM  
The committee returned to order.
02:13:25 PM  
Representatives Soper and Woodward, co-prime sponsors, presented House Bill 24-1243. The bill removes earned income of a minor from Colorado taxable income starting in tax year 2025.
02:21:28 PM  
The bill sponsors responded to questions from the committee.
02:43:19 PM  
Nicholas Aught, representing himself, testified in opposition to the bill.
02:46:58 PM  
Maud Naroll, representing League of Women Voters of Colorado, testified in opposition to the bill.
02:48:21 PM  

The witnesses responded to questions from the committee.  Additional written testimony is included as Attachment F. 
02:49:53 PM  
Members of the committee commented about their positions on the bill.
03:01:09 PM  
The committee took a brief recess.
03:11:23 PM  
The committee returned to order. The bill was laid over for action only at a later date.






The Colorado Senate and House of Representatives will not convene on Monday, January 20, 2025 in observance of Dr. Martin Luther King Jr. day.

The effective date for bills enacted without a safety clause is August 6, 2025, if the General Assembly adjourns sine die on May 7, 2025 (unless otherwise specified). Details