Bill Summary for Bill Number SB10-212

Date: 05/10/2010

Final
BILL SUMMARY for SB10-212

HOUSE COMMITTEE ON FINANCE

Votes: View-->	Action Taken:
Moved amendment L.004 (Attachment A). The motion Refer Senate Bill 10-212, as amended, to the Commi	Pass Without Objection PASS

01:14 PM -- Senate Bill 10-212 - Concerning TABOR Refund Mechanisms

Representative Weissmann, prime sponsor, explained that Senate Bill 10-212 repeals 11 of the 14 existing TABOR surplus refund mechanisms. For any year in which a refund of TABOR surplus revenue is required, the remaining refund mechanisms in statute would be the six-tier sales tax refund, the earned income tax credit, and the temporary income tax rate reduction from 4.63 percent to 4.50 percent.

The following person testified:

01:15 PM -- Ms. Christine Watson, representing the League of Woman Voters, testified in support of the bill.


BILL:	SB10-212
TIME:	01:17:33 PM
MOVED:	Benefield
MOTION:	Moved amendment L.004 (Attachment A). The motion passed without objection by those members present.
SECONDED:	Labuda
		VOTE
	DelGrosso
	Frangas
	Gerou
	Kagan
	Kefalas
	Labuda
	Roberts
	Summers
	Swalm
	Benefield
	Judd

Not Final YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection


BILL:	SB10-212
TIME:	01:18:56 PM
MOVED:	Benefield
MOTION:	Refer Senate Bill 10-212, as amended, to the Committee of the Whole. The motion passed on a 11-0 vote.
SECONDED:	DelGrosso
		VOTE
	DelGrosso	Yes
	Frangas	Yes
	Gerou	Yes
	Kagan	Yes
	Kefalas	Yes
	Labuda	Yes
	Roberts	Yes
	Summers	Yes
	Swalm	Yes
	Benefield	Yes
	Judd	Yes

Final YES: 11 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS

01:20 PM

Adjourn.