772A52A6EA89B1C187258AC10070BB98 Hearing Summary CLICS/CLICS2024A/commsumm.nsf PUBLICBILL SUMMARY For HB24-1065HOUSE COMMITTEE ON FINANCEDate Feb 12, 2024 Location HCR 0112 HB24-1065 - Postponed Indefinitely Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2024A/commsumm.nsf/0/753C6F96F6A8...$File/Attachment A Public Testimony for HB 24-1065 MERGED.pdf?OpenElement Attachment A Public Testimony for HB 24-1065 MERGED.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2024A/commsumm.nsf/0/91C0510FC5C2...$File/Attachment B HB1065_L.001.pdf?OpenElement Attachment B HB1065_L.001.pdf 01:31:24 PM Representatives Bottoms and Pugliese, co-sponsors, presented House Bill 24-1065. The bill reduces the state income tax rate from 4.4 percent to 4.0 percent beginning in tax year 2025. 01:43:00 PM The committee discussed the bill with the sponsors. 01:51:58 PM Discussion continued. 01:55:02 PM Ms. Chaer Robert, representing the Colorado Center on Law and Policy, testified in opposition to the bill. 01:59:33 PM Joshua Mantell, representing The Bell Policy Center, testified in opposition to the bill. 02:02:47 PM Mr. Geoff Withers, representing the League of Women Voters of Colorado, testified in opposition to the bill. 02:04:27 PM Mr. Lorenzo Harris, representing Colorado WINS, testified in opposition to the bill. 02:07:45 PM The panel of witnesses responded to questions from the committee. 02:09:08 PM Mr. Christopher Stiffler, representing the Colorado Fiscal Institute, testified in opposition to the bill. 02:12:47 PM Amie Baca Oehlert, representing the Colorado Education Association, testified in opposition to the bill. 02:14:44 PM Ms. Kiyana Newell, representing New Era Colorado, testified in opposition to the bill. 02:17:03 PM Evie Hudak, representing Colorado PTA, testified in opposition to the bill. 02:23:11 PM Adriana Cuva, representing themself, testified in support of the bill. 02:23:20 PM Donna LaBelle, representing themself, testified in support of the bill. 02:25:21 PM Mr. Tony Gagliardi, representing the National Federation of Independent Business, testified in support of the bill. 02:27:45 PM Ms. Erin Meschke, representing themself, testified in support of the bill. 02:30:24 PM The panel of witnesses responded to questions from the committee. Written testimony for the bill is included as Attachment A. 02:41:08 PM Motion Adopt amendment L.001 (Attachment B). Moved Marshall Seconded Joseph deGruy Kennedy No Frizell No Garcia No Hartsook Yes Kipp No Lindstedt Yes Marshall Yes Soper Yes Weinberg Yes Joseph Yes Snyder No YES: 6 NO: 5 EXC: 0 ABS: 0 FINAL ACTION: PASS 02:41:26 PM The bills sponsors made closing comments and asked for a favorable recommendation. 02:48:47 PM Members of the committee commented about their positions on the bill. 03:06:35 PM Motion Refer House Bill 24-1065, as amended, to the Committee on Appropriations. Moved Frizell Seconded Hartsook deGruy Kennedy No Frizell Yes Garcia No Hartsook Yes Kipp No Lindstedt No Marshall Yes Soper Yes Weinberg Yes Joseph No Snyder No YES: 5 NO: 6 EXC: 0 ABS: 0 FINAL ACTION: FAIL 03:07:14 PM Motion Postpone House Bill 24-1065 indefinitely using a reversal of the previous roll call. There was no objection to the use of the reverse roll call, therefore, the bill was postponed indefinitely. Moved Kipp Seconded deGruy Kennedy deGruy Kennedy Yes Frizell No Garcia Yes Hartsook No Kipp Yes Lindstedt Yes Marshall No Soper No Weinberg No Joseph Yes Snyder Yes Final YES: 6 NO: 5 EXC: 0 ABS: 0 FINAL ACTION: PASS