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Proposal would let state temporarily escrow payments to federal government if federal funds are frozen
Summary
Representative Alexis Simpson introduced HB 14-11, allowing the state treasurer to withhold and escrow state payments to the federal government equal to funds Congress approved but the federal executive branch freezes. Committee members raised legal and practical concerns (IRS penalties, criminal liabilities for withheld payroll taxes, and potential federal retaliation). The bill was referred to Division 1 for further study.
Representative Alexis Simpson introduced HB 14-11 in the afternoon session, saying the measure would permit the state treasurer, under specified circumstances, to temporarily withhold state payments due to the federal government and hold an equivalent amount in escrow when Congress has approved funds for the state but the federal executive branch…
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