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HB 19-1097

  • Colorado House Bill
  • 2019 Regular Session
  • Introduced in House Jan 14, 2019
  • House
  • Senate
  • Governor

General Fund Reductions

Abstract

For income tax years commencing on and after January 1, 2019, the bill: Reduces both the individual and the corporate state income tax rate from 4.63% to 4.25%; and Reduces the state alternative minimum tax by 0.38%. The bill also requires the state controller to: Proportionally void general fund appropriations for each principal department, except for the department of education, for the 2018-19 state fiscal year in an amount totaling $374.3 million; For the 2019-20 state fiscal year, to proportionally reduce the general fund appropriations for each principal department, except for the department of education, as set forth in the 2019 annual general appropriations act in an amount totaling $760.7 million.(Note: This summary applies to this bill as introduced.) Read More

Bill Sponsors (1)

Patrick Neville

  • Republican
  • lower
  • 45
Primary

Votes


No votes to display

Actions


Jan 22, 2019

House

House Committee on State, Veterans, & Military Affairs Postpone Indefinitely

State, Veterans, & Military Affairs

Jan 14, 2019

House

Introduced In House - Assigned to State, Veterans, & Military Affairs + Finance

  • Introduction
State, Veterans, & Military Affairs Finance

Bill Text

Bill Text Versions Format
Committee Amendment PDF
Introduced (01/14/2019) PDF

Related Documents

Document Format
Fiscal Note FN1 (01/18/2019) PDF
Fiscal Note FN2 (05/15/2019) PDF

Sources

Data on Open States is updated nightly from the official website of the Colorado General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.