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H_FIN_2016A 05/05/2016 10:57:00 AM Committee Summary

Final

STAFF SUMMARY OF MEETING



HOUSE COMMITTEE ON FINANCE

Date: 05/05/2016
ATTENDANCE
Time: 10:57 AM to 01:59 PM
Becker K.
X
Conti
X
Place: LSB A
Garnett
X
Moreno
X
This Meeting was called to order by
Pabon
*
Representative Court
Roupe
X
Sias
X
This Report was prepared by
Van Winkle
X
Katie Ruedebusch
Wilson
X
Foote
X
Court
X
X = Present, E = Excused, A = Absent, * = Present after roll call
Bills Addressed: Action Taken:
SB16-155

SB16-117

SB16-035

SB16-001

SB16-097

SB16-209
Referred to the Committee of the Whole

Postponed Indefinitely

Referred to Appropriations

Postponed Indefinitely

Postponed Indefinitely

Amended, Referred to the Committee of the Whole





The committee was called to order. A quorum was present.



10:57 AM -- SB16-155



Representatives Garnett and Nordberg, co-prime sponsors, introduced Senate Bill 15-155. Beginning July 1, 2016, the bill creates a state sales and use tax exemption for a historic aircraft that is on loan to a museum for public display, whether for demonstration, educational, or museum promotional purposes. In order to qualify for the exemption, the historic aircraft may not be used for any other purpose while it is in the state. The museum to which a historic aircraft is on loan must be open to the public at least 20 hours a week. Historic aircraft includes any original, restored, or replica of a heavier-than-air aircraft that is at least 35 years old. Representative Nordberg answered several committee questions.



11:06 AM -- Mr. Bill Klaers, representing the National Museum of WWII Aviation, testified in support of the bill. He answered several committee questions.


























BILL: SB16-155
TIME: 11:14:26 AM
MOVED: Garnett
MOTION: Refer Senate Bill 16-155 to the Committee of the Whole. The motion passed on a vote of 8-2.
SECONDED: Roupe
VOTE
Becker K.
Excused
Conti
Yes
Garnett
Yes
Moreno
Yes
Pabon
Yes
Roupe
Yes
Sias
Yes
Van Winkle
Yes
Wilson
Yes
Foote
No
Court
No
Final YES: 8 NO: 2 EXC: 1 ABS: 0 FINAL ACTION: PASS





11:16 AM -- SB16-117



Representative Coram, sponsor, introduced Senate Bill 16-117. The bill, as amended by the Senate Finance Committee, limits the authority of state agencies to impose fines. Specifically, the bill prohibits any state agency from imposing a fine of $1,000 or more or in total for related violations unless the agency mails written notice of the violation of the law or rule, and the offender fails to correct the violation on or before the 30th calendar day after mailing of the written notice. Representative Coram answered several committee questions.



11:29 AM -- Ms. Heidi Humphreys, representing the Colorado Department of Revenue, testified against the bill. She answered several committee questions



11:32 AM -- Ms. Martha Rudolph, representing the Colorado Department of Public Health and Environment, testified against the bill. She answered several committee questions.



11:35 AM --
Ms. Kathi Wagner, representing the Colorado Department of Human Services, testified against the bill. She answered several committee questions.



11:47 AM -- Mr. Neil O'Toole, representing the Worker's Compensation Education Association, testified against the bill.



11:49 AM -- Mr. Kevin Bommer, representing the Colorado Municipal League, testified in support of the bill.












BILL: SB16-117
TIME: 12:00:29 PM
MOVED: Van Winkle
MOTION: Refer Senate Bill 16-117 to the Committee on Appropriations. The motion failed on a vote of 5-6.
SECONDED: Conti
VOTE
Becker K.
No
Conti
Yes
Garnett
No
Moreno
No
Pabon
No
Roupe
Yes
Sias
Yes
Van Winkle
Yes
Wilson
Yes
Foote
No
Court
No
YES: 5 NO: 6 EXC: 0 ABS: 0 FINAL ACTION: FAIL


BILL: SB16-117
TIME: 12:01:42 PM
MOVED: Foote
MOTION: Postpone Senate Bill 16-117 indefinitely. The motion passed on a vote of 6-5.
SECONDED: Becker K.
VOTE
Becker K.
Yes
Conti
No
Garnett
Yes
Moreno
Yes
Pabon
Yes
Roupe
No
Sias
No
Van Winkle
No
Wilson
No
Foote
Yes
Court
Yes
Final YES: 6 NO: 5 EXC: 0 ABS: 0 FINAL ACTION: PASS

















12:02 PM -- SB16-035



Representatives Rankin and Young, co-prime sponsors, introduced Senate Bill 16-035. The bill, as amended by the Senate State, Veterans, and Military Affairs Committee, creates the Public School Fund Investment Board (board) to oversee investment of the Public School Fund and broadens the allowable investment options for the fund. The board is charged with establishing policies concerning allowable investments of the fund and the distribution of income and interest earnings. The bill allows the board to hire a private fund manager to advise it about fund investments.



12:09 PM -- Mr. Bill Ryan, representing the Colorado State Land Board, testified in support of the bill. He answered several committee questions.



12:14 PM -- Mr. Jonathan Forbes, representing the Colorado Department of the Treasury, testified in support of the bill. He answered several committee questions.



12:18 PM -- Ms. Michelle Murphy, representing the Colorado Rural School Alliance and Colorado Association of School Executives, testified in support of the bill.

BILL: SB16-035
TIME: 12:19:30 PM
MOVED: Court
MOTION: Refer Senate Bill 16-035 to the Committee on Appropriations. The motion passed on a vote of 9-0.
SECONDED: Roupe
VOTE
Becker K.
Yes
Conti
Excused
Garnett
Yes
Moreno
Excused
Pabon
Yes
Roupe
Yes
Sias
Yes
Van Winkle
Yes
Wilson
Yes
Foote
Yes
Court
Yes
Final YES: 9 NO: 0 EXC: 2 ABS: 0 FINAL ACTION: PASS





























12:20 PM -- SB16-001



Representative Landgraf, sponsor, introduced Senate Bill 16-001. Under current law, qualifying taxpayers ages 55 to 64 may deduct up to $20,000 in retirement benefits from their taxable income each year and qualifying taxpayers ages 65 and older may deduct up to $24,000 each year. As amended by the Senate Appropriations Committee, the bill eliminates these limitations for military retirement income, allowing taxpayers ages 55 and older to deduct the entire amount of their military retirement income from state taxable income beginning in tax year 2017. Other, non-military income is still subject to the existing deduction limits.

BILL: SB16-001
TIME: 12:26:41 PM
MOVED: Van Winkle
MOTION: Refer Senate Bill 16-001 to the Committee on Appropriations. The motion failed on a vote of 5-6.
SECONDED: Sias
VOTE
Becker K.
No
Conti
Yes
Garnett
No
Moreno
No
Pabon
No
Roupe
Yes
Sias
Yes
Van Winkle
Yes
Wilson
Yes
Foote
No
Court
No
YES: 5 NO: 6 EXC: 0 ABS: 0 FINAL ACTION: FAIL








































BILL: SB16-001
TIME: 12:31:16 PM
MOVED: Foote
MOTION: Postpone Senate Bill 16-001 indefinitely. The motion passed on a vote of 6-5.
SECONDED: Moreno
VOTE
Becker K.
Yes
Conti
No
Garnett
Yes
Moreno
Yes
Pabon
Yes
Roupe
No
Sias
No
Van Winkle
No
Wilson
No
Foote
Yes
Court
Yes
Final YES: 6 NO: 5 EXC: 0 ABS: 0 FINAL ACTION: PASS





12:32 PM -- SB16-097



Representative Coram, sponsor, introduced Senate Bill 16-097. Beginning January 1, 2016, this bill, as amended by the Senate Agriculture Committee, places restrictions on transferring money from various mineral related cash funds to the General Fund. The bill prohibits the Governor from restricting the use of money in any of these funds to save money for a future transfer to the General Fund. The bill also limits the Governor's and the Joint Budget Committee's ability to use money in these funds for purposes not authorized in current law or that does not benefit the political subdivisions impacted by the severance of minerals.



12:45 PM -- Ms. Dianna Orf, representing the Associated Governments of Northwest Colorado, testified in support of the bill.



12:48 PM -- Mr. Kelly Sloan, representing Mesa County, Colorado, testified in support of the bill.



12:50 PM -- Mr. Kevin Bommer, representing the Colorado Municipal League, testified in support of the bill. He answered several committee questions



12:54 PM -- Ms. Gini Pingenot, representing Colorado Counties, Inc., testified in support of the bill. She answered several committee questions.
























BILL: SB16-097
TIME: 01:00:00 PM
MOVED: Van Winkle
MOTION: Refer Senate Bill 16-097 to the Committee of the Whole. The motion failed on a vote of 5-6.
SECONDED: Conti
VOTE
Becker K.
No
Conti
Yes
Garnett
No
Moreno
No
Pabon
No
Roupe
Yes
Sias
Yes
Van Winkle
Yes
Wilson
Yes
Foote
No
Court
No
YES: 5 NO: 6 EXC: 0 ABS: 0 FINAL ACTION: FAIL


BILL: SB16-097
TIME: 01:06:23 PM
MOVED: Garnett
MOTION: Postpone Senate Bill 16-097 indefinitely. The motion passed on a vote of 6-5.
SECONDED: Moreno
VOTE
Becker K.
Yes
Conti
No
Garnett
Yes
Moreno
Yes
Pabon
Yes
Roupe
No
Sias
No
Van Winkle
No
Wilson
No
Foote
Yes
Court
Yes
Final YES: 6 NO: 5 EXC: 0 ABS: 0 FINAL ACTION: PASS

















01:07 PM -- SB16-209



Representatives Priola and Buckner, co-prime sponsors, introduced Senate Bill 16-209. The bill authorizes a school district board of education to lease school district property to a state institution of higher education and to accept in-kind services (such as tuition reduction or scholarships for their students) from the institution as all or part of the lease payments. The bill clarifies that a school district may issue bonds to construct a building for lease to a state institution of higher education. Representative Buckner distributed a handout to the committee (Attachment A). Representatives Priola and Buckner answered several committee questions.



16HouseFin0505AttachA.pdf16HouseFin0505AttachA.pdf



01:15 PM -- Dr. Lisa Escarsga, representing Aurora Public Schools, testified in support of the bill. She answered several committee questions.



01:18 PM -- Mr. Brandon Eyre, representing Aurora Public Schools, testified in support of the bill. He answered several committee questions.











































































01:25 PM



Committee discussion ensued with Ms. Escarsga and Mr. Eyre.


BILL: SB16-209
TIME: 01:42:30 PM
MOVED: Wilson
MOTION: Adopt amendment L.001 (Attachment B). The motion passed without objection.



16HouseFin0505AttachB.pdf16HouseFin0505AttachB.pdf
SECONDED: Wilson
VOTE
Becker K.
Conti
Garnett
Moreno
Pabon
Roupe
Sias
Van Winkle
Wilson
Foote
Court
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection
















































BILL: SB16-209
TIME: 01:43:10 PM
MOVED: Wilson
MOTION: Adopt amendment L.003 (Attachment C). The motion passed without objection.



16HouseFin0505AttachC.pdf16HouseFin0505AttachC.pdf
SECONDED: Court
VOTE
Becker K.
Conti
Garnett
Moreno
Pabon
Roupe
Sias
Van Winkle
Wilson
Foote
Court
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection




















































BILL: SB16-209
TIME: 01:46:30 PM
MOVED: Wilson
MOTION: Adopt amendment L.004 (Attachment D). The motion passed without objection.



16HouseFin0505AttachD.pdf16HouseFin0505AttachD.pdf
SECONDED: Court
VOTE
Becker K.
Conti
Garnett
Moreno
Pabon
Roupe
Sias
Van Winkle
Wilson
Foote
Court
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection






















































BILL: SB16-209
TIME: 01:47:53 PM
MOVED: Court
MOTION: Adopt amendment L.005 (Attachment E). The motion passed on a vote of 7-3.



16HouseFin0505AttachE.pdf16HouseFin0505AttachE.pdf
SECONDED: Foote
VOTE
Becker K.
Yes
Conti
No
Garnett
No
Moreno
Excused
Pabon
No
Roupe
Yes
Sias
Yes
Van Winkle
Yes
Wilson
Yes
Foote
Yes
Court
Yes
YES: 7 NO: 3 EXC: 1 ABS: 0 FINAL ACTION: PASS






















































BILL: SB16-209
TIME: 01:52:32 PM
MOVED: Court
MOTION: Refer Senate Bill 16-209, as amended, to the Committee of the Whole. The motion passed on a vote of 7-4.
SECONDED: Becker K.
VOTE
Becker K.
Yes
Conti
No
Garnett
Yes
Moreno
Yes
Pabon
Yes
Roupe
Yes
Sias
No
Van Winkle
No
Wilson
No
Foote
Yes
Court
Yes
Final YES: 7 NO: 4 EXC: 0 ABS: 0 FINAL ACTION: PASS





01:59 PM



The committee adjourned.