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PUBLIC
BILL SUMMARY For HB25-1012

HOUSE COMMITTEE ON FINANCE
Date Jan 27, 2025       Location HCR 0112

HB25-1012 - Amended, referred to House Appropriations


01:36:48 PM  
Representatives Joseph and Marshall, co-prime sponsors, presented House Bill 25-1012. The bill eliminates an existing income tax deduction for certain active-duty military service members who reacquire Colorado residency, and creates a new refundable income tax credit that expands available tuition assistance for eligible members of the Colorado National Guard. The sponsors distributed two handouts (Attachment A and Attachment B) and responded to questions from the committee.
01:45:40 PM  
David Hansen, representing Legislative Council Staff, came to the table to respond to questions about the fiscal note.
01:52:29 PM  
Kim Tinnell, representing Colorado Office of the State Auditor, was available to answer committee questions.
01:56:30 PM  
Ms. Fatima Fernandez, representing Harmony Initiative Inc., testified in a neutral position on the bill.

02:03:31 PM
Motion Adopt amendment L.001 (Attachment C).
Moved Marshall
Seconded Joseph
Brooks
Camacho
DeGraaf
Garcia
Gonzalez R. Excused
Hartsook
Joseph
Marshall
Stewart R.
Weinberg Excused
Zokaie
Titone
Lindstedt
YES: 0   NO: 0   EXC: 2   ABS:  0   FINAL ACTION:  Pass Without Objection
02:05:53 PM  
The committee took a brief recess.
02:06:11 PM  
The committee returned to order.

02:07:31 PM
Motion Refer House Bill 25-1012, as amended, to the Committee on Appropriations.
Moved Joseph
Seconded Marshall
Brooks Yes
Camacho Yes
DeGraaf Yes
Garcia Yes
Gonzalez R. Yes
Hartsook Yes
Joseph Yes
Marshall Yes
Stewart R. Yes
Weinberg Excused
Zokaie Yes
Titone Yes
Lindstedt Yes
Final YES: 12   NO: 0   EXC: 1   ABS:  0   FINAL ACTION:  PASS