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Legislative Year: 2022 Change
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Bill Detail: HB22-1129

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Title General Fund Surplus Rebates To Taxpayers
Status House Committee on Appropriations Lay Over Unamended - Amendment(s) Failed (05/12/2022)
Bill Subjects
  • Fiscal Policy & Taxes
House Sponsors R. Pelton (R)
Senate Sponsors J. Sonnenberg (R)
House Committee Finance
Senate Committee
Date Introduced 01/21/2022
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.

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with Amendments
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Fiscal Notes Fiscal Notes (03/10/2022) (most recent)  
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