Capitol Gains: Taxpayer Protection Disclosure Act narrowly dies in Senate
By Ali Mickelson
Taxpayer Protection Disclosure Act narrowly dies in the Colorado Senate
After passing the House and clearing the Senate Finance Committee, the Taxpayer Protection Disclosure Act (HB 1285) narrowly lost on its first vote on the Senate floor, falling short by just two votes.
Even though the outcome was not what we had hoped, the work and advocacy around this bill was a tremendous step in educating lawmakers and the public about the dangers of working with unregistered tax preparers. We are hopeful that we can continue to work toward regulation of these preparers in the years to come at both the state and federal level.
We’ll keep working until taxpayers get at least the minimal amount of consumer protection.
For more information on the Taxpayer Protection Disclosure Act, please click here: Taxpayer Protection
FAMLI ties
On April 15, SB 14-196, the Family and Medical Leave Insurance (FAMLI) Act was introduced in the Senate. This bill will create a statewide family and medical leave insurance program with partial wage replacement for employees who have worked at least 680 hours at their job in the previous year and must miss work to care for a family member or themselves when seriously ill. CFI has played an integral part in the development of this bill and this policy, including creating the structure for the insurance program and completing the fiscal and economic analysis. The bill is scheduled to be heard in Senate State, Veterans and Military Affairs at 1:30 on Monday, April 28th. April 28th is also scheduled as a lobby day supporting the FAMLI Act (click here to sign-up!).
For more information on this bill, please click here: FAMLI Factsheet.
Never-ending tax-capades
Just when we thought the session might be winding down, both the House and Senate introduced a variety of late bills, including several that impact our state budget. CFI has been monitoring the progress of these bills and working with partners to share concerns over the creation or expansion of new tax credits included in some of the legislation. We hope to see more of the nearly 30 tax credits that have been introduced get scaled back or die in appropriations committees and we continue to use and share our tax principles in evaluating these new policies.
For more information on our tax principles, please click here: CFI Tax Principles 2014
