Bill Summary for Bill Number HB10-1263

Date: 04/30/2010

Final
BILL SUMMARY for HB10-1263

HOUSE COMMITTEE ON FINANCE

Votes: View-->	Action Taken:
Move to postpone House Bill 10-1263 indefinitely.	PASS

01:48 PM -- House Bill 10-1263 - Concerning Business Income Taxes

Representative Pommer, prime sponsor, presented House Bill 10-1263. Beginning in 2011, this bill limits the amount of employee compensation that businesses can deduct from their state income taxes to the first $250,000 per employee. He briefly discussed the provisions of the bill, the budget policies that impacted education, and closed by commenting on the tax measures that affected businesses in Colorado.


BILL:	HB10-1263
TIME:	01:51:57 PM
MOVED:	Gerou
MOTION:	Move to postpone House Bill 10-1263 indefinitely. The motion passed on a 10-0 vote, with one excused.
SECONDED:	DelGrosso
		VOTE
	DelGrosso	Yes
	Frangas	Yes
	Gerou	Yes
	Kagan	Yes
	Kefalas	Yes
	Labuda	Yes
	Roberts	Excused
	Summers	Yes
	Swalm	Yes
	Benefield	Yes
	Judd	Yes

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