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Colorado Senate advances legislative package that would overhaul state tax code


(The Center Square) – Colorado’s Senate Finance Committee advanced a pair of bills on Wednesday night that combine to overhaul the state’s tax code – bills that drew criticism from business and free market groups.
Both bills advanced by a 4-3 vote. Republican Sens. Paul Lundeen, R-Monument, Ray Scott, R-Grand Junction, and Dennis Hisey, R-Fountain voted against the package.
House Bill 21-1311 would expand the Child Tax Credit by limiting several common business tax deductions. Some deductions that would get the ax include food and beverage expenses at restaurants and limits on capital gains taxes.
According to
an analysis of the bill by the Legislative Council Staff, a nonpartisan arm of the General Assembly, the bill could raise as much as $57 million by fiscal year 2023. ....

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Senate approves Colorado Option on 19-16 vote with one Democrat opposed


On Wednesday, the state Senate passed House Bill 1232 to allow the commissioner of insurance to create a standardized healthcare plan for the individual and small group market that insurance companies would be mandated to offer and doctors and hospitals mandated to accept.
The vote was 19-16, with Sen. Rachel Zenzinger, D-Arvada, the only Democrat in the Senate (and the General Assembly) to vote against it. 
The bill must go back to the House for concurrence on nine amendments put on the bill by the Senate Health and Human Services Committee and by Democrats on the Senate floor. 
Wednesday s vote ended months of negotiations with the healthcare industry, all of whom were opposed to the bill at different times. As of Wednesday, hospitals and doctors are neutral, but the insurance industry remained opposed.  ....

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