Date: 04/23/2015

Final
BILL SUMMARY for HB15-1374

HOUSE COMMITTEE ON FINANCE

Votes: View--> Action Taken:
Adopt amendment L.001 (Attachment F). The motion f
Adopt amendment L.002 (Attachment G). The motion f
Refer House Bill 15-1374 to the Committee on Appro		FAIL
FAIL
PASS



11:23 AM -- HB15-1374

Representatives Court and McCann, co-prime sponsors, introduced House Bill 15-1274. The bill creates a line on the Colorado individual income tax form that allows a taxpayer to direct the state to invest all or a portion of their TABOR sales tax refund to state services. The line on the tax form is only available when a TABOR refund is available. Revenue collected with this line on the tax form is not included as TABOR revenue and therefore does not count towards the TABOR revenue limit. Representative Court noted that the bill will not effect the charity tax check-offs on the tax forms. She stated that the funds gifted will be deposited in the General Fund.

11:30 AM -- Mr. John Vecchiarelli , representing the Colorado Department of Revenue, came to the table to answer questions regarding the bill. He discussed the refund process in Colorado.


11:39 AM

Committee discussion ensued on amendment L.001.
BILL:HB15-1374
TIME: 11:42:47 AM
MOVED:Priola
MOTION:Adopt amendment L.001 (Attachment F). The motion failed on a vote of 5-6.
15HouseFin0423AttachF.pdf15HouseFin0423AttachF.pdf
SECONDED:Van Winkle
VOTE
Becker K.
No
Conti
Yes
Garnett
No
Kagan
No
Pabon
No
Priola
Yes
Roupe
Yes
Van Winkle
Yes
Wilson
Yes
Foote
No
Court
No
YES: 5 NO: 6 EXC: 0 ABS: 0 FINAL ACTION: FAIL


11:43 PM

Committee discussion ensued on amendment L.002.
BILL:HB15-1374
TIME: 11:58:44 AM
MOVED:Priola
MOTION:Adopt amendment L.002 (Attachment G). The motion failed on a vote of 5-6.
15HouseFin0423AttachG.pdf15HouseFin0423AttachG.pdf
SECONDED:Conti
VOTE
Becker K.
No
Conti
Yes
Garnett
No
Kagan
No
Pabon
No
Priola
Yes
Roupe
Yes
Van Winkle
Yes
Wilson
Yes
Foote
No
Court
No
YES: 5 NO: 6 EXC: 0 ABS: 0 FINAL ACTION: FAIL
BILL:HB15-1374
TIME: 12:04:55 PM
MOVED:Court
MOTION:Refer House Bill 15-1374 to the Committee on Appropriations. The motion passed on a vote of 8-3.
SECONDED:Garnett
VOTE
Becker K.
Yes
Conti
No
Garnett
Yes
Kagan
Yes
Pabon
Yes
Priola
No
Roupe
Yes
Van Winkle
No
Wilson
Yes
Foote
Yes
Court
Yes
Final YES: 8 NO: 3 EXC: 0 ABS: 0 FINAL ACTION: PASS



12:06 PM

The committee adjourned.