E04BEC20E933CC5087258A15005935E3 Hearing Summary CLICS/CLICS2023A/commsumm.nsf PUBLICBILL SUMMARY For OFFICE OF THE STATE AUDITOR TAX EXPENDITURE REPORTSINTERIM COMMITTEE LEGISLATIVE OVERSIGHT COMMITTEE CONCERNING TAX POLICY & TASK FORCEDate Aug 24, 2023 Location Old State Library Office of the State Auditor Tax Expenditure Reports - Committee Discussion Only Attachment Tag File Name Attachment A http://www2.leg.state.co.us/CLICS/CLICS2023A/commsumm.nsf/0/DCC3DF56EE64...$File/Attachment A.pdf?OpenElement Attachment A.pdf 10:14:28 AM Mr. James Taurman, Office of the State Auditor (OSA), provided an overview of the tax expenditure reports that the office will present to the committee. A compilation of all reports may be found in Attachment A. 10:17:18 AM Mr. Taurman continued by discussing the catastrophic health insurance deduction. 10:25:52 AM Mr. Taurman continued by discussing the medical savings account deductions. He answered several committee questions. 10:31:05 AM Mr. Taurman continued by discussing the nonresident disaster relief worker subtraction. Mr. Trey Standley, OSA, came to the table to answer a committee question. 10:46:12 AM Mr. Standley, in response to a committee question, discussed available data, or lack thereof, on certain tax deductions and credits. 10:48:00 AM Mr. Taurman continued with the Colorado tuition program deduction. 10:58:51 AM Committee discussion ensued on the tuition program deduction. 10:59:09 AM Mr. Taurman continued by discussing the low-emitting vehicles and commercial vehicles used in interstate commerce exemptions. 11:05:06 AM Ms. Kim Tinnell, OSA, presented on the rural broadband equipment refund. 11:12:19 AM Committee discussion ensued on the rural broadband equipment refund. 11:16:29 AM Ms. Tinnell continued by discussing the components used to produce renewable energy exemption. 11:21:59 AM Ms. Tinnell continued by discussing the non-resident aircraft sales and aircraft parts exemptions. 11:38:15 AM Ms. Tinnell continued by discussing marijuana-related tax expenditures. 11:54:02 AM Committee discussion on the medical marijuana sales tax exemption for indigent patients. 11:55:02 AM The committee recessed for lunch. 01:08:14 PM The committee came back to order. 01:08:40 PM Ms. Tinnell presented on the rural & frontier healthcare preceptor credit. 01:19:58 PM Mr. Taurman responded to a committee question on potential bill sponsors and the tax expenditure reports. 01:26:37 PM Ms. Jacquelyn Combellick, OSA, came to the table to discuss the Colorado Works Program employer credit. 01:35:24 PM Ms. Combellick continued by discussing the school-to-career expenses credit. 01:38:57 PM Ms. Combellick continued by discussing the job growth credit. 01:51:29 PM Committee discussion continued with Ms. Combellick regarding the job growth credit. 01:56:57 PM Ms. Combellick continued by discussing the wildfire mitigation deduction. 02:01:15 PM Ms. Combellick continued by discussing the biotechnology sales and use tax refund. 02:06:25 PM Mr. Greg Sobetski, Legislative Council Staff, answered a question regarding previous TABOR tax refund mechanisms. 02:09:49 PM Ms. Meghan Westmoreland, OSA, began with a discussing the military service persons reacquiring Colorado residency deduction. 02:18:11 PM Ms. Westmoreland continued by discussing the child care facility investment credits. 02:25:09 PM Ms. Westmoreland continued by discussing the first-time home buyer savings account deduction. 02:36:43 PM Ms. Westmoreland continued by discussing the home modification tax credit. 02:47:30 PM Ms. Westmoreland continued by discussing aviation fuel exemptions.