The House Finance Committee killed HB 26-1062 (a retirement income tax exemption) on a 4-7 vote before postponing it indefinitely, advanced HB 26-1026 (PERA service credit expansion) and HB 26-1053 (motor vehicle licensing reforms) to Appropriations, and spent the bulk of the hearing on HB 26-1036 (a local vacancy excise tax for housing), which drew roughly 60 witnesses and remained unresolved at adjournment.
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Rep. PARA Zokaie challenged Rep. Ron Weinberg on how he could cite the $42.7 million revenue figure in FY 2026-27 as positive when the fiscal note showed a $58 million decrease in FY 2027-28 and approximately $565 million decrease annually thereafter. Weinberg responded that the Joint Budget Committee 'literally has the duty to shift funds every single fiscal year' and that 'that number for 27-28 could easily change.' Chair Rep. Steven Woodrow stated in closing that he did not find 'pushing it off to another year for the Joint Budget Committee to figure out' a satisfactory solution.
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“I'm an attorney and words mean things. Theft is the unlawful taking of the property of another with the intent to permanently deprive that person of that property. Not all takings are unlawful. This is very similar to the concept in the law of murder in the fact that murder is defined as the unlawful killing of another with malice aforethought. Obviously, not all killings are considered unlawful. So we presume unlawfulness when we talk about theft. And taxation is not necessarily unlawful.”
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Sign in to subscribeThe committee will come to order. Ms. Culver, please call the roll. Representative Brooks? Present. Camacho here. DeGraff DeGraph Garcia excuse. Gonzalez Good afternoon. Hartsuk Here. Marshall Here. Stuart Excuse. Zokai Excused to tone here. And Mr. Chair, I am here and we are also joined by Representative Garcia. Folks, we got a lot of witnesses signed up on the last bill so we're going to get moving. I see the sponsors are here and ready on 1026. Who'd like to go first? Representative Hammer thank you Mr. Chair and members of the House Finance Committee, thank you for hearing House Bill 26 1026. As you know, para is a retirement system for many Colorado's public employees, and para benefits are tied to service credit the years you are working and contributing. House Bill 261212 sorry, 1026 is about making para fit the reality of today's workforce while protecting the integrity of the para trusts. Many public employees don't have a perfectly straight, uninterrupted career. People may step out of the workforce or change jobs for reasons like caring for a child, an aging parent or a family member with a disability, a serious health issue, a spouse's job relocation…
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