I_LOCC_TPTF_2023A 09/13/2023 10:06:54 AM Committee Summary PUBLICSTAFF SUMMARY OF MEETINGINTERIM COMMITTEE LEGISLATIVE OVERSIGHT COMMITTEE CONCERNING TAX POLICY & TASK FORCE Date 09/13/2023 Attendance Frizell X Kolker X Liston E Marshall X Hansen X Weissman X Time 10:06:54 AM to 12:19:20 PM Place HCR 0112 This Meeting was called to order by Weissman This Report was prepared by Katie Ruedebusch Hearing Items Action Taken hPresentation from the Cato Institute Committee Discussion Only hPublic Testimony Committee Discussion Only hBill Draft Requests Committee Discussion Only Presentation from the Cato Institute - Committee Discussion Only Attachment Tag File Name Attachment A http://www2.leg.state.co.us/CLICS/CLICS2023A/commsumm.nsf/0/1A16BD1D08A5...$File/Attachment A.pdf?OpenElement Attachment A.pdf 10:07:37 AM The Chair discussed the day's agenda. 10:08:01 AM Dr. Mark Calabria, Senior Advisor with the Cato Institute, presented to the committee on the unique challenges facing Colorado related to housing policy. His remarks may be found in Attachment A. 10:14:24 AM He continued by discussing several principles including minimizing the use of intermediaries, understanding the housing marketplace, that housing behaves in a boom-and-bust manner, urban bias, and other topics. 10:18:43 AM He continued by discussing Colorado's use of federal and/or state land for housing. 10:23:06 AM Dr. Calabria discussed options such as making tax credits more flexible, income targeting, local land use regulations, tax treatment of rental income, and other topics. 10:24:44 AM He wrapped up by discussing the federal and Colorado housing markets. 10:29:41 AM Committee discussion ensued with Dr. Calabria. 10:47:39 AM Committee discussion continued on land use, tenant protections, renter tax credits, short-term rentals, and other topics. Public Testimony - Committee Discussion Only Bill Draft Requests - Committee Discussion Only 10:56:44 AM Mr. Pierce Lively and Mr. Jed Franklin, Office of Legislative Legal Services, came to the table to discuss the interim bill process. 11:04:39 AM Committee discussion on bill drafts continued. 11:47:09 AM Motion Draft a bill related to repeal of unused tax expenditures Moved Marshall Seconded Kolker Frizell Kolker Liston Excused Marshall Hansen Weissman YES: 0 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: Pass Without Objection 11:48:24 AM Motion Draft a bill related to Tyler v. Hennepin and tax lien sales Moved Frizell Seconded Marshall Frizell Kolker Liston Excused Marshall Hansen Weissman YES: 0 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: Pass Without Objection 11:50:04 AM Motion Draft a bill related to the income tax credit for long-term health care premiums Moved Kolker Seconded Hansen Frizell Kolker Liston Excused Marshall Hansen Weissman YES: 0 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: Pass Without Objection 11:52:47 AM Motion Draft a bill to extend state EITC by three years Moved Weissman Seconded Hansen Frizell Kolker Liston Excused Marshall Hansen Weissman YES: 0 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: Pass Without Objection 11:54:22 AM Motion Draft a bill related the creation of a permanent fund related to the severance tax Moved Hansen Seconded Weissman Frizell Kolker Liston Excused Marshall Hansen Weissman YES: 0 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: Pass Without Objection 11:57:44 AM Motion Draft a bill concerning modifications to short-term rental definitions with respect to property tax Moved Hansen Seconded Frizell Frizell Kolker Liston Excused Marshall Hansen Weissman YES: 0 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: Pass Without Objection 12:19:20 PM The committee adjourned.