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h_fin_2016a_2016-03-09t13:36:21z2 Hearing Summary

Date: 03/09/2016



Final

BILL SUMMARY for HB16-1286



HOUSE COMMITTEE ON FINANCE


Votes: View--> Action Taken:
Refer House Bill 16-1286 to the Committee on Appro PASS







02:31 PM -- HB16-1286



Representative Becker, K., sponsor, introduced House Bill 16-1286. The bill increases the percentage of the wildfire mitigation state income tax deduction from 50 percent to 100 percent of the costs incurred for performing wildfire mitigation on a taxpayer's property. The tax deduction cannot exceed $2,500 per income tax year or the total amount of the taxpayer's federal taxable income, whichever is less. The increased income tax deduction will be available for tax years 2017 through 2019. After that, the income tax reduction will return to 50 percent of qualified costs until tax year 2024, as specified in current law.



02:34 PM -- Mr. Ted Leighty, representing the Colorado Association of Realtors, testified in support of the bill and answered several committee questions.

BILL: HB16-1286
TIME: 02:49:33 PM
MOVED: Becker K.
MOTION: Refer House Bill 16-1286 to the Committee on Appropriations. The motion passed on a vote of 11-0.
SECONDED: Priola
VOTE
Becker K.
Yes
Conti
Yes
Garnett
Yes
Kagan
Yes
Pabon
Yes
Priola
Yes
Roupe
Yes
Van Winkle
Yes
Wilson
Yes
Foote
Yes
Court
Yes
Final YES: 11 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS










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