CLICS/CLICS2020A/commsumm.nsf
PUBLIC
BILL SUMMARY For HB20-1024
HOUSE COMMITTEE ON FINANCE
Date Jan 27, 2020
Location HCR 0112
HB20-1024 - Amended, referred to House Appropriations
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01:57:08 PM |
Representatives Benavidez and Snyder presented
House Bill 20-1024, along with amendment L.001 (Attachment D). The
bill modifies the Colorado Net Operating Loss Deduction allowing taxpayers
to carry the deduction forward for 20 years, rather than for an unlimited
number of years.
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02:03:18 PM |
Caroline Nutter, representing the Colorado Fiscal Institute, testified in support of the bill.
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02:03:39 PM |
Representative Snyder explained L.001 (Attachment D).
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02:06:42 PM
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Motion |
Adopt amendment L.001 |
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| Moved |
Snyder |
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| Seconded |
Benavidez |
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Benavidez |
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Bockenfeld |
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Gray |
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Kraft-Tharp |
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McKean |
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Sandridge |
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Snyder |
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Sullivan |
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Bird |
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Herod |
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YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection |
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02:07:45 PM
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Motion |
Refer House Bill 20-1024, as amended, to the Committee on Appropriations. |
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| Moved |
Snyder |
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| Seconded |
Benavidez |
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Benavidez |
Yes |
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Bockenfeld |
No |
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Gray |
Yes |
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Kraft-Tharp |
Yes |
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McKean |
No |
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Sandridge |
No |
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Snyder |
Yes |
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Sullivan |
Yes |
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Bird |
Yes |
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Herod |
Yes |
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Final |
YES: 7 NO: 3 EXC: 0 ABS: 0 FINAL ACTION: PASS |
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