S_FIN_2016A 03/10/2016 11:12:51 AM Committee Summary

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



11:13 AM -- SB16-044



Senator Sonnenberg, prime sponsor, presented Senate Bill 16-044. Testimony on the bill was heard on February 9 and the bill was laid over for action only. The bill states that the only allowable reason for the Colorado Department of Revenue to contest a conservation easement tax credit claim is if the appraised value is supported solely by an appraiser convicted of a crime in connection with the preparation of an appraisal. The change applies both to conservation easements donated prior to January 1, 2014, and to conservation easements donated on or after the bill is signed into law. Additionally, the bill directs the Department of Revenue to refund the amount of tax, interest, or penalty paid by a taxpayer in connection with a previously contested claim for any reason other than that stated in the bill.



Senator Sonnenberg asked the committee to postpone the bill indefinitely.

11:15 AM -- HB16-1158



Senator Holbert, prime sponsor, presented House Bill 16-1158, which continues the Identity Theft and Financial Fraud Board in the Department of Public Safety to September 1, 2025, and authorizes the appropriation of General Funds to the Colorado Fraud Investigators Fraud Cash Fund. Senator Holbert distributed and explained Amendment L.001 (Attachment A).



16SenateFin0310AttachA.pdf



11:17 AM -- Mr. Mike Rankin and Mr. Ralph Gagliardi, representing the Department of Public Safety and the Colorado Bureau of Investigation, testified in support of the bill and the amendment.



11:28 AM -- Ms. Jenifer Waller, representing Colorado Bankers, testified in support of the bill. She also testified in support of House Bill 16-1159.



11:30 AM -- Mr. Brian Tobias, representing the Department of Regulatory Agencies, answered questions about the sunset report associated with HB 16-1158 and HB 16-1159.



11:32 AM -- Ms. Jennifer Anderson, representing the Colorado Attorney General's Office, testified in support of the bill.

11:35 AM -- HB16-1159



Senator Holbert, prime sponsor, presented House Bill 16-1159, which continues the Colorado Fraud Investigators Unit in the Department of Public Safety through September 1, 2025, and authorizes the appropriation of General Funds to the Colorado Fraud Investigators Fraud Cash Fund.

BILL:	HB16-1159
TIME:	11:36:32 AM
MOVED:	Holbert
MOTION:	Adopt amendment L.001 (Attachment B). The motion passed on a vote of 5-0. 16SenateFin0310AttachB.pdf
SECONDED:
		VOTE
	Holbert	Yes
	Johnston	Yes
	Kerr	Yes
	Hill	Yes
	Neville T.	Yes
YES: 5 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS

11:39 AM



The committee adjourned.