H_FIN_2023A 02/23/2023 10:06:03 AM Committee Summary PUBLICSTAFF SUMMARY OF MEETINGHOUSE COMMITTEE ON FINANCE Date 02/23/2023 Attendance deGruy Kennedy X Daugherty * Frizell X Hartsook X Kipp X Lindstedt X Marshall * Taggart X Weinberg * Joseph X Snyder X Time 10:06:03 AM to 12:08:28 PM Place HCR 0112 This Meeting was called to order by Snyder This Report was prepared by Amanda King Hearing Items Action Taken hHB23-1018 Referred to House Appropriations hHB23-1144 Postponed Indefinitely hHB23-1128 Lay Over 10:06:52 AM Representative Snyder asked the committee members to introduce the students who were shadowing the members during the Gifted and Talented Legislative Day. 10:11:39 AM The committee recessed. 10:12:25 AM The committee came back to order. HB23-1018 - Referred to House Appropriations Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2023A/commsumm.nsf/0/9B9B1AF69E6A...$File/Attachment A.pdf?OpenElement Attachment A.pdf 10:14:28 AM Minority Leader Lynch, prime bill sponsor, presented House Bill 23-1018, concerning incentives to promote the timber industry in Colorado. The bill creates an income tax credit for equipment used in the timber, wood product manufacturing, forest health, and wildfire mitigation industries. Minority Leader Lynch responded to questions from the committee. A copy of the unofficial preamended version of the bill was distributed to the committee members (Attachment A). 10:35:55 AM Travis Smith, representing Colorado Water Congress, testified in support of the bill. He responded to questions from the committee. 10:41:26 AM Minority Leader Lynch made concluding remarks about the bill. Committee members commented on the bill. 10:45:47 AM Motion Refer House Bill 23-1018 to the Committee on Appropriations. Moved Joseph Seconded Hartsook deGruy Kennedy Yes Daugherty Yes Frizell Yes Hartsook Yes Kipp Yes Lindstedt Yes Marshall Yes Taggart Yes Weinberg Excused Joseph Yes Snyder Yes Final YES: 10 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS HB23-1144 - Postponed Indefinitely Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2023A/commsumm.nsf/0/E3B89229319F...$File/Attachment B.pdf?OpenElement Attachment B.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2023A/commsumm.nsf/0/FC5C1EE6041C...$File/Attachment C.pdf?OpenElement Attachment C.pdf 10:45:55 AM The committee recessed. 10:47:05 AM The committee came back to order. 10:49:59 AM Representative English, prime bill sponsor, presented House Bill 23-1144, concerning Public Employees' Retirement Association (PERA) defined benefit plan payments to an ex-spouse upon remarriage. The bill changes how PERA Defined Benefit plan benefits are divided between a member and their ex-spouse. Representative English provided an informational packet to the committee members (Attachment B). She responded to questions from the committee and discussed amendment L.001 (Attachment C). 11:07:46 AM Dennis Jahn, representing himself, testified in support of the bill. Ron Baker, representing Colorado PERA, responded to committee questions. 11:20:19 AM Representative English discussed amendment L.001. She responded to questions from the committee. 11:23:43 AM Motion Adopt amendment L.001 (Attachment C). Moved Weinberg Seconded Frizell deGruy Kennedy Daugherty Frizell Hartsook Kipp Lindstedt Marshall Taggart Weinberg Joseph Snyder YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 11:23:44 AM Representative English made concluding remarks about the bill. Committee members commented on the bill. 11:36:27 AM Motion Refer House Bill 23-1144, as amended, to the Committee of the Whole. Moved Joseph Seconded Weinberg deGruy Kennedy Yes Daugherty No Frizell Yes Hartsook No Kipp No Lindstedt No Marshall No Taggart Yes Weinberg Yes Joseph Yes Snyder No YES: 5 NO: 6 EXC: 0 ABS: 0 FINAL ACTION: FAIL 11:37:27 AM Motion Postpone House Bill 23-1144 indefinitely using a reversal of the previous roll call. There was no objection to the use of the reverse roll call, therefore, the bill was postponed indefinitely. Moved Kipp Seconded Daugherty deGruy Kennedy No Daugherty Yes Frizell No Hartsook Yes Kipp Yes Lindstedt Yes Marshall Yes Taggart No Weinberg No Joseph No Snyder Yes Final YES: 6 NO: 5 EXC: 0 ABS: 0 FINAL ACTION: PASS HB23-1128 - Lay Over Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2023A/commsumm.nsf/0/6BBF0838FBF9...$File/Attachment D.pdf?OpenElement Attachment D.pdf 11:37:34 AM Representative Weinberg, prime bill sponsor, presented House Bill 23-1128, concerning certain income tax credits and deductions for married taxpayers. The bill changes certain income tax credits and deductions for married taxpayers who file a joint return. Specifically, the bill: - raises the qualifying maximum income threshold for the child care expense tax credit from $60,000 to $120,000; - raises the qualifying maximum income threshold for the low-income child care expense tax credit from $25,000 to $50,000; and - increases the maximum amount of the wildfire mitigation measures tax deduction from $2,500 to $5,000. Representative Weinberg provided a handout to the committee (Attachment D). He responded to questions from the committee. 11:44:23 AM Greg Sobetski, Legislative Council Staff, responded to questions from the committee about the bill's fiscal note. Representative Weinberg responded to questions from the committee. Mr. Sobestski responded to additional questions from the committee. 11:50:14 AM Caroline Nutter, representing the Colorado Fiscal Institute, testified in opposition to the bill. Ben Murrey, representing the Independence Institute, testified in a neutral position on the bill. The panelists responded to questions from the committee. 12:06:35 PM Representative Weinberg discussed laying the bill over. The chair laid the bill over for action only to a future date. 12:08:28 PM The committee adjourned.