Final
SUMMARY for
HCR05-1005
HOUSE
COMMITTEE ON
FINANCE
Votes:
Action Taken:
Moved a conceptual amendment to require the measur
Moved amendment L.001 to make the bill compatible
Refer HCR 05-1005, as amended, to the Committee of
Pass Without Objection
Pass Without Objection
PASS
12:50 PM -- House Joint Resolution 05-1005 - Concerning TABOR Refund Mechanisms
Representative Cadman, prime sponsor, explained the provisions of the resolution.
Representative Cadman explained the concurrent resolution submits a question to voters to amend Article X, Section 20 of the state constitution (TABOR) to require voter approval in advance to create or change an existing method for refunding excess state revenues. The resolution also repeals all refund methods created prior to January 1, 2006, that are not approved by voters by January 1, 2011. Representative Cadman distributed amendment L.001 (Attachment E) and explained the
amendment makes the resolution compatible with a state income tax rate reduction that is proposed in HB 05-1194.
The following person testified:
12:58 PM
-- Mr. Ben Stein, Deputy State Treasurer, distributed a TABOR refund table (Attachment F) and a news article on refunds (Attachment G) to committee members and commented on the provisions in HCR 05-1005.
The committee briefly discussed the TABOR refund mechanisms allowed under current law and the resolution was placed in the table for action.
BILL:
HCR 05-1005
TIME:
01:10:42 PM
MOVED:
Frangas
MOTION:
Moved a conceptual amendment to require the measure to be submitted to voters in the November 2006, General Election. The motion passed without objection by those members present.
SECONDED:
Cloer
VOTE
Benefield
Cloer
Crane
Frangas
Garcia
Jahn
Marshall
Massey
May M.
Excused
McCluskey
Witwer
Judd
Vigil
Not Final
YES:
0
NO:
0
EXC:
1
ABS:
0
FINAL ACTION:
Pass Without Objection
BILL:
HCR 05-1005
TIME:
01:14:15 PM
MOVED:
Cloer
MOTION:
Moved amendment L.001 to make the bill compatible with the state income tax rate reduction proposed in House Bill 05-1194. The motion passed without objection by those members present.
SECONDED:
Crane
VOTE
Benefield
Cloer
Crane
Frangas
Garcia
Jahn
Marshall
Massey
May M.
Excused
McCluskey
Witwer
Judd
Vigil
Not Final
YES:
0
NO:
0
EXC:
1
ABS:
0
FINAL ACTION:
Pass Without Objection
BILL:
HCR 05-1005
TIME:
01:16:31 PM
MOVED:
Cloer
MOTION:
Refer HCR 05-1005, as amended, to the Committee of the Whole. The motion passed on a 12-0-1 vote.
SECONDED:
Massey
VOTE
Benefield
Yes
Cloer
Yes
Crane
Yes
Frangas
Yes
Garcia
Yes
Jahn
Yes
Marshall
Yes
Massey
Yes
May M.
Excused
McCluskey
Yes
Witwer
Yes
Judd
Yes
Vigil
Yes
Final
YES:
12
NO:
0
EXC:
1
ABS:
0
FINAL ACTION:
PASS