1B02EBAB170BD9B487258B85005EBD68 Hearing Summary

PUBLIC
BILL SUMMARY For HB24B-1005

HOUSE COMMITTEE ON FINANCE
Date Aug 26, 2024
Location LSB B

HB24B-1005 - Committee Discussion Only


	11:14:52 AM	Representative Garcia, prime sponsor, presented House Bill 24B-1005. The bill makes changes to the value reductions for residential property in non-school local government entities starting in property tax year 2025. She responded to questions from the committee.
	11:28:31 AM	The committee took a brief recess.
	11:56:15 AM	The committee returned to order.
	11:57:29 AM	Representative Garcia reintroduced House Bill 24B-1005 due to earlier audio problems and discussed the bill with the committee.
	11:59:08 AM	Representative Garcia continued to respond to questions from the committee.
	12:11:54 PM	The committee continued to discuss the bill with Representative Garcia.
	12:20:05 PM	Elizabeth Ramey, representing Legislative Council Staff, responded to committee questions about the fiscal impact of the bill.
	12:25:10 PM	Mr. Jonathan Cappelli, representing the Neighborhood Development Collaborative, testified in support of the bill.
	12:27:51 PM	Mr. Keith Erffmeyer, representing the Colorado Assessor's Association, testified in a neutral position on the bill.
	12:31:00 PM	Mr. Tony Werckman, representing the Department of Local Affairs, Division of Property Taxation, was available to answer committee questions.
	12:35:15 PM	The witnesses responded to questions from the committee.
	12:44:23 PM	Representative Garcia wrapped up her testimony on the bill and asked for a favorable recommendation. Members of the committee commented on their positions on the bill.