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h_fin_2016a_2016-04-13t13:32:26z4 Hearing Summary

Date: 04/13/2016



Final

BILL SUMMARY for HB16-1292



HOUSE COMMITTEE ON FINANCE


Votes: View--> Action Taken:
Postpone House Bill 16-1292 indefinitely. The mot PASS







04:59 PM -- HB16-1292



Representative Kagan, sponsor, introduced House Bill 16-1292. For tax years 2016, 2017, and 2018, this bill creates a $3,600 refundable income tax credit for taxpayers claiming both a child and a relative as dependents on their federal income tax return. To qualify, taxpayers must have a federal adjusted gross income at or below 200 percent of the national median household income of its size and claim both a child and relative as a dependent. Taxpayers will receive the full $3,600 if they qualify for the credit under this bill as refundable tax credits, which are not limited to a taxpayer's income tax liability. Representative Kagan gave some remarks on the bill and asked that the bill be postponed indefinitely.

BILL: HB16-1292
TIME: 05:03:32 PM
MOVED: Kagan
MOTION: Postpone House Bill 16-1292 indefinitely. The motion passed on a vote of 9-0.
SECONDED: Pabon
VOTE
Becker K.
Excused
Conti
Yes
Garnett
Yes
Kagan
Yes
Pabon
Yes
Roupe
Excused
Sias
Yes
Van Winkle
Yes
Wilson
Yes
Foote
Yes
Court
Yes
Final YES: 9 NO: 0 EXC: 2 ABS: 0 FINAL ACTION: PASS














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