Colorado 2017 Regular Session Status: Introduced

HB 17-1007 — Tax Benefit Employer Collegeinvest Contribution

Last action — House Committee on Education Postpone Indefinitely

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  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2017 Regular Session. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

The starting point for determining state income tax liability is federal taxable income. This number is adjusted for additions and subtractions (deductions) that are used to determine Colorado taxable income, which amount is multiplied by the state's 4.63% income tax rate. The bill allows an employer, whether filing as an individual or a corporation, to claim a deduction for any amount that the employer contributes to an employee's college trust account or savings account that is administered by collegeinvest. This deduction may be claimed even if the contribution has already been deducted from the employer's federal taxable income. (Note: This summary applies to this bill as introduced.)

Bill Text

Amendments

1 amendment

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Action History

  1. House Committee on Education Postpone Indefinitely

  2. Introduced In House - Assigned to Education + Finance

Sponsors

  • Bob Gardner · Primary
  • Alec Garnett · Primary

Sponsorship breakdown

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2 sponsors · 0 co-sponsors · 99 not signed on

Sponsors (2)

  • Bob Gardner
  • Alec Garnett

Co-sponsors (0)

None.

Not signed on (99)

99 members have not signed on to this bill.

Show all 99 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Postpone House Bill 17-1007 indefinitely. The motion passed on a vote of 12-0.

Passed 12 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Democrat 2000
Unaffiliated 9001
Republican 1000
Total 12001
% of votes cast 92%0%0%8%
How each member voted (13)
Member Party Vote
McLachlan — Yea
Buckner — Yea
Everett — Yea
Garnett — Yea
Lee — Not Voting
Leonard — Yea
Lundeen — Yea
Navarro — Yea
Pettersen — Yea
Sias — Yea
Jeff Bridges Democrat Yea
Tony Exum Democrat Yea
Lynda Zamora Wilson Republican Yea

Official roll call →

Subjects

taxation education
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB 17-1007 do?
The starting point for determining state income tax liability is federal taxable income. This number is adjusted for additions and subtractions (deductions) that are used to determine Colorado taxable income, which amount is multiplied by the state's 4.63% income tax rate. The bill allows an employer, whether filing as an individual or a corporation, to claim a deduction for any amount that the employer contributes to an employee's college trust account or savings account that is administered by collegeinvest. This deduction may be claimed even if the contribution has already been deducted from the employer's federal taxable income. (Note: This summary applies to this bill as introduced.)
Who sponsors HB 17-1007?
HB 17-1007 is sponsored by Bob Gardner and Alec Garnett.
What is the current status of HB 17-1007?
This bill died with 2017 Regular Session. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HB 17-1007?
Track HB 17-1007 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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