3F64491CAED5985F872586E2000BDE51 Hearing Summary

Sens, Hansen and Moreno introduced House Bill 21-1312. The bill makes various changes to the insurance premium, property, sales and use, and severance taxes.

The committee heard testimony on both House Bill 21-1312 and House Bill 21-1311.

Mr. Joe Costello, representing Arcadia Settlements Group, testified to amend the bill. Mr. Keith Mancini, representing Empower Retirement, testified to amend the bill. Ms. Jennifer Webb, representing Pacific Life Insurance, testified to amend the bill. Mr. Tyler Laughlin, representing the American Council of Life Insurers, testified to amend the bill. Mr. Brent Jones, representing the National Association of Insurance and Financial Advisors, testified to amend the bill. Ms. Dianna Orf, representing the Colorado Mining Association, testified to amend the bill. Ms. Erica Kenney, representing the Council on State Taxation, testified to amend the bill. Mr. Jason Berkowitz, representing the Insured Retirement Institute, testified to amend the bill.

Mr. Ted Leighty, representing the Colorado Association of Home Builders, testified to amend the bill. Mr. Chris Linsmayer, representing Colorado Ski Country USA, testified to amend the bill. Mr. Mark Turner, representing the Colorado Nonprofit Association, testified to amend the bill.

Mr. Travis Holland, representing the Colorado Oil & Gas Association and the Colorado Petroleum Council Section 11 Return On Investment, testified in opposition to the bill. Ms. Loren Furman, representing the Colorado Chamber of Commerce, testified in opposition to the bill. Mr. Eric Vaughn, representing the National Structured Settlements Trade Association, testified in opposition to the bill. Mr. Richard Orf, representing the Associated Governments of Northwest Colorado, testified in opposition to the bill. Ms. Meredith Beeson, representing the Global Alliance, testified in opposition to the bill.

Executive Director Mark Ferrandino, representing the Colorado Department of Revenue, testified in support of the bill. Commissioner Michael Conway, representing the Division of Insurance, testified in support of the bill. Ms, Carole Hedges, representing the Colorado Fiscal Institute, testified in support of the bill.

Dr. Angie Paccione, representing herself, testified in support of the bill.

Ms. Lindsey Vigoda, the Small Business Majority, testified in support of the bill. Mr. Joshua Mantell, representing The Bell Policy Center, testified in support of the bill. Mr. George Davis V, representing himself, testified in support of the bill.

Mr. Norm Davey, representing Together Colorado, testified in support of the bill. Ms. Sandy Shoemaker, representing Employee Ownership Commission, testified in support of the bill. Ms. Louise Myrland, representing the Women's Foundation of Colorado, testified in support of the bill. Ms. Kayla Frawley, representing Clayton Early Learning, testified in support of the bill.

Written testimony for HB 21-1312 may be found in Attachment C, while written testimony for HB 21-1311 may be found in Attachment D.