J_COPT_2024A 03/01/2024 01:04:34 PM Committee Summary PUBLICSTAFF SUMMARY OF MEETINGJOINT COMMITTEE COMMITTEE ON COMMISSION ON PROPERTY TAX Date 03/01/2024 Attendance Baisley E Jonathan Cappelli * deGruy Kennedy * Cody Davis X Brenda Dones X Sean Doughrety X Frizell * Loren Furman X JoAnn Groff X Brett Johnson X Lori Laske X Bob Olme X Tamara Pogue X Chris Richardson X Ann Terry E Kevin Vick X Jay Yamashita X Andy Kerr (Vice Chair) X Hansen X Time 01:04:34 PM to 04:59:13 PM Place Old Supreme Court This Meeting was called to order by Hansen This Report was prepared by Matthew Becker Hearing Items Action Taken hOpening Remarks Committee Discussion Only hDiscussion on Ballot Measures Committee Discussion Only hRoadmap Overview and Update on Public Meetings Committee Discussion Only hBreakout Groups Committee Discussion Only hShare Out of Breakout Groups and Next Steps Committee Discussion Only hUpdate on Ballot Initiatives Committee Discussion Only Opening Remarks - Committee Discussion Only 01:05:06 PM Senator Hansen provided opening remarks. Discussion on Ballot Measures - Committee Discussion Only Attachment Tag File Name Attachment A http://www2.leg.state.co.us/CLICS/CLICS2024A/commsumm.nsf/0/729C6F0871C8...$File/Attachment A.pdf?OpenElement Attachment A.pdf 01:07:59 PM Michael Fields, representing Advance Colorado, and Josh Penry, representing Colorado Concern, presented to the commission about recently submitted ballot initiatives regarding property tax. Mr. Penry and Mr. Fields responded to questions from the commission. 01:46:43 PM Scott Wasserman, Bell Policy Center, presented to the commission about recently submitted ballot measures regarding property tax (Attachment A). Mr. Wasserman responded to questions from the commission. Roadmap Overview and Update on Public Meetings - Committee Discussion Only 02:22:28 PM Renny Fagan and Trace Faust, representing Keystone Policy Center, gave an update on recent public meetings and discussed next steps for the commission. 02:27:39 PM The commission recessed to continue the breakout group discussions that began on February 23. Breakout Groups - Committee Discussion Only Attachment Tag File Name Attachment B http://www2.leg.state.co.us/CLICS/CLICS2024A/commsumm.nsf/0/C721F1CC3B96...$File/Attachment B.pdf?OpenElement Attachment B.pdf 02:37:18 PM Commission members broke out into three separate groups to continue discussing different policy areas that began on February 23. Notes from each group's discussions are compiled into Attachment B. Share Out of Breakout Groups and Next Steps - Committee Discussion Only 04:06:03 PM Mr. Olme presented a summary of the Assessments Breakout Group. R. Fagan facilitated a discussion among the commission about smoothing and strategies to change residential/nonresidential assessment ratios. 04:31:44 PM Ernest House Jr., Keystone Policy Group, facilitated a discussion about the Local Control Breakout Group. 04:38:56 PM Commissioner Davis presented a summary of the Taxpayer Relief Breakout Group, including discussions around monthly payments, expanding the homestead exemption, targeted relief for low- and fixed-income property owners, a non-residential value exemption, expanding the existing deferral program, and adjustable caps. T. Faust facilitated a discussion among the commission. 04:57:09 PM Motion Extend the work of the Commission beyond March 15, 2024. Moved Andy Kerr (Vice Chair) Seconded Baisley Excused Jonathan Cappelli Yes deGruy Kennedy Yes Cody Davis Yes Brenda Dones Yes Sean Doughrety Yes Frizell Yes Loren Furman Yes JoAnn Groff Yes Brett Johnson Yes Lori Laske Yes Bob Olme Yes Tamara Pogue Yes Chris Richardson Yes Ann Terry Excused Kevin Vick Yes Jay Yamashita Yes Andy Kerr (Vice Chair) Yes Hansen Yes YES: 17 NO: 0 EXC: 2 ABS: 0 FINAL ACTION: PASS Update on Ballot Initiatives - Committee Discussion Only 04:59:13 PM The committee adjourned.