9E70D0612D59DEF0872586E9004E9A95 Hearing Summary

PUBLIC
BILL SUMMARY For HB21-1327

HOUSE COMMITTEE ON FINANCE
Date Jun 3, 2021
Location HCR 0112

HB21-1327 - Referred to House Appropriations

08:19:03 AM

Representatives Van Winkle and Ortiz presented House Bill 21-1327 to the committee. The bill allows pass-through businesses to elect to pay their state income tax at the entity level, rather than the individual level, beginning in tax year 2022.

08:26:54 AM

Josh Pens, representing Department of Revenue, was available to answer committee questions.

08:26:57 AM

Phil Horwitz, representing
S-Corporation Association, testified in support of the bill.

08:37:13 AM

Dorothy Jones, representing Denver Metro Chamber, testified in support of the bill.

08:43:41 AM

Tony Gagliardi, representing NFIB, testified in support of the bill.

08:46:05 AM

Sponsors wrapped up their presentation to the committee.

08:49:53 AM	Motion	Refer House Bill 21-1327 to the Committee on Appropriations.
	Moved	Snyder
	Seconded	Gray

	Benavidez	No
	Bradfield	Yes
	Daugherty	Yes
	Gonzales-Gutierrez	Yes
	Gray	Yes
	Luck	Yes
	Sandridge	Yes
	Titone	Yes
	Will	Yes
	Snyder	Yes
	Bird	Yes
	Final	YES: 10 NO: 1 EXC: 0 ABS: 0 FINAL ACTION: PASS

HB21-1327 - Referred to House Appropriations

Colorado General Assembly