S_FIN_2017A 04/27/2017 Committee Summary

10:35 AM -- SB17-299



The committee was called to order. Senate Bill 17-299 was laid over to later in the meeting. The committee recessed.





10:38 AM -- HB17-1250



The committee reconvened. Senators Coram and Donovan, co-prime sponsors, presented House Bill 17-1250, which extends and modifies the nongame wildlife voluntary contribution program. Senators Coram and Donovan responded to committee questions.



10:44 AM -- Reid DeWalt, representing Colorado Parks and Wildlife, testified in support of the bill.



10:47 AM -- Jen Boulton, representing Audubon Rockies and Colorado Trout Unlimited, testified in support of the bill.





































10:53 AM



Senators Coram and Donovan made closing remarks on the bill.

10:54 AM -- HB17-1265



Senators Kerr and Priola, co-prime sponsors, presented House Bill 17-1265, which makes adjustments to the Judicial Division's contribution rates to the Colorado Public Employees' Retirement Association's (PERA's) Amortization Equalization Disbursement (AED), currently set at 2.20 percent, and Supplemental Amortization Equalization Disbursement (SAED), currently set at 1.50 percent. Senators Kerr and Priola responded to committee questions.



11:12 AM -- David Kribs, representing the Judicial Department, testified in support of the bill. Mr. Kribs responded to committee questions.



11:16 AM -- Lynea Hansen, representing Secure PERA, testified in support of the bill. Ms. Hansen responded to committee questions.



11:23 AM -- Greg Smith, Executive Director, PERA, testified in support of the bill. Mr. Smith responded to committee questions.

































11:45 AM



Senators Kerr and Gardner wrapped up their presentation of House Bill 17-1265. The committee discussed the merits of the bill.

11:54 AM -- SB17-299



Senators Holbert and Moreno, co-prime sponsors, presented Senate Bill 17-299, which allows a taxpayer that invests in an enterprise data center in Colorado to use a beneficial apportionment factor when allocating federal taxable income to Colorado. Senator Holbert discussed amendment L.001 (Attachment A) and a memo prepared on the fiscal impact of amendment L.001 (Attachment B). Senator Moreno responded to a committee question.



17SenateFin0427AttachA.pdf 17SenateFin0427AttachB.pdf



12:08 PM -- Adama Iwu, representing Visa, testified in support of the bill.



12:10 PM -- Carl Andersen, representing Visa, testified in support of the bill.



12:11 PM -- Jeff Kraft, representing the Governor's Office of Economic Development and International Trade (OEDIT), testified in support of the bill. Committee members received a letter of support from OEDIT (Attachment C).



17SenateFin0427AttachC.pdf















12:12 PM -- Loren Furman, representing the Colorado Association of Commerce and Industry, testified in support of the bill. Committee members received a letter of support from Technet (Attachment D). Mr. Kraft and Ms. Furman responded to committee questions.



17SenateFin0427AttachD.pdf



12:19 PM



Senator Holbert responded to committee questions.



12:22 PM -- Andrea Young, representing the Colorado Technology Association, testified in support of the bill.





12:23 PM

12:26 PM



The committee adjourned.