Bill Summary for Bill Number HB10-1198

Date: 01/29/2010

Final
BILL SUMMARY for HB10-1198

HOUSE COMMITTEE ON FINANCE

Votes: View-->	Action Taken:
Moved amendment L.007 (Attachment H). The motion Moved to postpone indefinitely, House Bill 10-1198	FAIL PASS

10:29 AM -- House Bill 10-1198 - Concerning the Alternative Minimum Tax

Representative Ferrandino, prime sponsor, offered amendment L.007 (Attachment H), and explained that it would broaden the title to conform to the provisions of the bill. He noted that as drafted, the bill suspends the state alternative minimum tax (AMT) and the state AMT credit. As drafted, the title of the bill only addresses the AMT credit.

The committee engaged in a brief discussion regarding amending the title. The following actions were taken.


BILL:	HB10-1198
TIME:	10:40:05 AM
MOVED:	Frangas
MOTION:	Moved amendment L.007 (Attachment H). The motion failed on a 10-1 vote.
SECONDED:	Kagan
		VOTE
	DelGrosso	No
	Frangas	Yes
	Gerou	No
	Kagan	No
	Kefalas	No
	Labuda	No
	Roberts	No
	Summers	No
	Swalm	No
	Benefield	No
	Judd	No

Not Final YES: 1 NO: 10 EXC: 0 ABS: 0 FINAL ACTION: FAIL


BILL:	HB10-1198
TIME:	10:43:20 AM
MOVED:	Summers
MOTION:	Moved to postpone indefinitely, House Bill 10-1198. The motion passed on a 10-1 vote.
SECONDED:	Gerou
		VOTE
	DelGrosso	Yes
	Frangas	No
	Gerou	Yes
	Kagan	Yes
	Kefalas	Yes
	Labuda	Yes
	Roberts	Yes
	Summers	Yes
	Swalm	Yes
	Benefield	Yes
	Judd	Yes

Final YES: 10 NO: 1 EXC: 0 ABS: 0 FINAL ACTION: PASS