HB 22-1129 CO Introduced
General Fund Surplus Rebates To Taxpayers
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Summary
The bill requires the executive director to rebate $1,846,400,000 from the general fund to qualified individuals through income tax returns for the 2022 income tax year, which rebate amount is an estimate of the general fund surplus for the state fiscal year 2021-22. The rebates will be made to qualified individuals in the same manner as if the general fund surplus was excess state revenues under the Taxpayer's Bill of Rights being refunded through the 6-tiered sales tax refund mechanism.(Note: This summary applies to this bill as introduced.)
Sponsors (2)
- Rod Pelton Republican · primary
- Jerry Sonnenberg · primary
Action history (3)
- May 12, 2022 House Committee on Appropriations Lay Over Unamended - Amendment(s) Failed · lower
- Mar 17, 2022 House Committee on Finance Refer Amended to Appropriations · lower
- Jan 21, 2022 Introduced In House - Assigned to Finance · lower
Text versions (3)
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