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AC76DAA9FB33AECA8725863100708AEE Hearing Summary




PUBLIC
BILL SUMMARY For HB20B-1004

SENATE COMMITTEE ON FINANCE
Date Dec 1, 2020      
Location Old Supreme Court



HB20B-1004 - Referred to Senate Appropriations


01:29:19 PM  
Senators Tate and
Bridges, co-prime sponsors explained HB20B-1004 concerning a temporary
deduction from state net taxable sales for certain retailers in the state
in order to allow such retailers to retain the resulting sales tax collected
as assistance for lost revenue as a result of the economic disruptions
due to the presence of coronavirus disease 2019 (COVID-19) in Colorado.
 The senators discussed the need for for a sales tax holiday until
the end of February and explained that small businesses have been hit hard
during the pandemic.  

 

Committee members expressed concerns about small business owners and COVID-19
restrictions.  
01:36:17 PM  
The bill sponsors
continued to discuss small businesses.  
01:38:59 PM  
Nick Hoover, representing
Colorado Restaurant Association, testified in support of the bill.




Senator Bridges introduced and discussed Amendment L.005, which makes a
technical change.


01:44:10 PM
Motion Adopt amendment L.005
Moved Bridges
Seconded
Bridges
Lundeen
Moreno
Tate
Woodward
Hansen
Gonzales
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection
01:44:12 PM  
The bill sponsors
made closing remarks and urged support of the bill.  


01:51:22 PM
Motion Refer House Bill 20B-1004 to the Committee on Appropriations.
Moved Tate
Seconded
Bridges Yes
Lundeen Yes
Moreno Yes
Tate Yes
Woodward Excused
Hansen Yes
Gonzales Yes
Final YES: 6   NO: 0   EXC: 1   ABS:  0   FINAL ACTION:  PASS






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