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s_fin_2016a_2016-04-14t11:42:48z1 Hearing Summary

Date: 04/14/2016



Final

BILL SUMMARY for SB16-175



SENATE COMMITTEE ON FINANCE


Votes: View--> Action Taken:
Postpone Senate Bill 16-175 indefinitely. The moti PASS







11:51 AM -- SB16-175



Senator Grantham, prime sponsor, presented Senate Bill 16-175, which creates an income tax credit that fuel retailers can claim for selling fuel blended to include at least 15 percent ethanol (E-15). The refundable credit is equal to 3 cents for each gallon of E-15 sold and is claimed on the retailers corporate or individual income tax return. The credit is available for fuel sold in 2017 through 2020.



Senator Grantham requested that the bill be laid over to May 12.

BILL: SB16-175
TIME: 11:54:55 AM
MOVED: Hill
MOTION: Postpone Senate Bill 16-175 indefinitely. The motion passed on a vote of 5-0.
SECONDED:
VOTE
Holbert
Yes
Johnston
Yes
Kerr
Yes
Hill
Yes
Neville T.
Yes
Final YES: 5 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS





11:55 AM



The committee adjourned.






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