Bill Summary for Bill Number HB13-1151

Date: 02/14/2013

Final
BILL SUMMARY for HB13-1151

HOUSE COMMITTEE ON FINANCE

Votes: View-->	Action Taken:
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01:09 PM -- House Bill 13-1151 - Concerning A Sales and Use Tax Exemption for Textbooks

Representative Moreno, prime sponsor, explained that House Bill 13-1151 creates a sales and use tax exemption for higher education textbooks for the next five years. In order to qualify for the exemption, new, used, or electronic textbooks must be: a) required or recommended for a course of higher education; b) purchased from the campus bookstore, and; c) purchased on the fourth Monday of August. In addition, the bill allows local governments to create a similar sales and use tax holiday.

The following persons testified:

01:18 PM -- Mr. Lindon Scott Belshe, representing the Governor Affairs Office at Colorado State University, testified in support of the bill.

01:26 PM -- Mr. George Awuor, representing the Bell Policy Center, testified in opposition to the bill.

After a brief committee discussion, Representative Court Chair, laid over House Bill 13-1151 to Wednesday, February 20, 2013.

01:28 PM

The committee adjourned.