124B73ACFCE7B5A887258839006CEA14 Hearing Summary CLICS/CLICS2022A/commsumm.nsf PUBLICBILL SUMMARY For SB22-138HOUSE COMMITTEE ON FINANCEDate May 5, 2022 Location HCR 0112 SB22-138 - Amended, referred to House Appropriations Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/AD5ED06A6F8B...$File/Attachment F SB138_L.021.pdf?OpenElement Attachment F SB138_L.021.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/EDFBA67A8926...$File/Attachment G SB138_L.023.pdf?OpenElement Attachment G SB138_L.023.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/7F7484D7A63C...$File/Attachment H SB138_L.025.pdf?OpenElement Attachment H SB138_L.025.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/1803D4FE5502...$File/Attachment I SB138_L.022.pdf?OpenElement Attachment I SB138_L.022.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/4DC93624D956...$File/Attachment J SB138_L.026.pdf?OpenElement Attachment J SB138_L.026.pdf 01:49:43 PM Representatives McCormick and A. Valdez, co-prime sponsors, presented Senate Bill 22-138. This bill creates a state income tax credit for electric-powered small off-road equipment, requires PERA and insurance companies to study climate risks to their investment portfolios, authorizes the Department of Natural Resources to regulate Class VI injection wells, and requires the Department of Agriculture to study carbon sequestration opportunities in the agriculture sector. 02:00:29 PM The bill sponsors distributed amendment L.021 (Attachment F) and responded to questions from the committee. 02:04:44 PM Cindy Copeland, representing Boulder County, and Jordan Beezley, representing Colorado Department of Agriculture, were available to respond to questions. 02:08:52 PM Mr. Charles Perko, representing the United Steelworkers, testified to amend the bill. 02:17:52 PM Will Hodges, representing himself, testified in support of the bill. 02:20:17 PM The sponsors distributed and explained amendments L.021 (Attachment F), L.023 (Attachment G), and L.025 (Attachment H). 02:22:24 PM Motion Adopt amendment L.021 (Attachment F). Moved Snyder Seconded Kipp Benavidez Daugherty Kipp Luck Michaelson Jenet Rich Sandridge Soper Tipper Snyder Bird YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 02:23:31 PM Motion Adopt amendment L.023 (Attachment G). Moved Snyder Seconded Kipp Benavidez Daugherty Kipp Luck Michaelson Jenet Rich Sandridge Soper Tipper Snyder Bird YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 02:25:14 PM Motion Adopt amendment L.025 (Attachment H). Moved Snyder Seconded Kipp Benavidez Daugherty Kipp Luck Michaelson Jenet Rich Sandridge Soper Tipper Snyder Bird YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 02:26:23 PM Representative Soper distributed and explained amendments L.022 (Attachment I) and L.026 (Attachment J). The bill sponsors commented about the amendments. 02:33:56 PM Motion Adopt amendment L.026 (Attachment J). Moved Soper Seconded Sandridge Benavidez No Daugherty No Kipp No Luck Yes Michaelson Jenet No Rich Yes Sandridge Yes Soper Yes Tipper No Snyder Yes Bird Yes YES: 6 NO: 5 EXC: 0 ABS: 0 FINAL ACTION: PASS 02:34:53 PM Motion Adopt amendment L.022 (Attachment I). Moved Soper Seconded Sandridge Benavidez No Daugherty No Kipp No Luck Yes Michaelson Jenet No Rich Yes Sandridge Yes Soper Yes Tipper No Snyder Yes Bird Yes YES: 6 NO: 5 EXC: 0 ABS: 0 FINAL ACTION: PASS 02:34:56 PM The sponsors provided closing remarks and asked for a favorable recommendation. 02:37:51 PM Motion Refer Senate Bill 22-138, as amended, to the Committee on Appropriations. Moved Snyder Seconded Kipp Benavidez Yes Daugherty Yes Kipp Yes Luck No Michaelson Jenet Yes Rich No Sandridge No Soper No Tipper Yes Snyder Yes Bird Yes Final YES: 7 NO: 4 EXC: 0 ABS: 0 FINAL ACTION: PASS
