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s_fin_2017a_2017-02-02t10:37:14z0 Hearing Summary

Date: 02/02/2017

Location: SCR 357

Final

BILL SUMMARY for SB17-009



SENATE COMMITTEE ON FINANCE


Votes: View--> Action Taken:
Adopt amendment L.001 (Attachment A). The motion p

Refer Senate Bill 17-009, as amended, to the Commi
Pass Without Objection

PASS







10:37 AM -- SB17-009



The committee was called to order. Senator Crowder, prime sponsor, presented Senate Bill 17-009, which expands the exemption for business personal property from $7,300 to $21,900 in 2017 and 2018. The exemption is adjusted for inflation every two years. Senator Crowder also discussed amendment L.001 (Attachment A). Committee members received a memorandum prepared by Legislative Council Staff regarding the fiscal impact of amendment L.001 (Attachment B).

17SenateFin0202AttachA.pdf17SenateFin0202AttachA.pdf 17SenateFin0202AttachB.pdf17SenateFin0202AttachB.pdf



Larson Silbaugh, Legislative Council Staff, came to the table to discuss the memorandum. Mr. Silbaugh responded to a committee question regarding the revised fiscal impact.



10:47 AM -- Gini Pingenot, representing Colorado Counties Inc., testified in opposition to the bill. Ms. Pingenot responded to a committee question regarding business personal property tax rebates in individual counties.



10:53 AM --
Richard Orf, representing the Associated Governments of Northwest Colorado, testified in opposition to the bill.



10:54 AM -- Michael Valdez, representing the Special District Association, testified in opposition to the bill.



10:57 AM --
Diane Criswell, representing the Colorado Municipal League, testified in opposition to the bill. Discussion ensued on the impact of business personal property tax on small businesses.



11:05 AM -- Patrick Boyle, representing the Colorado Competitive Council, testified in support of the bill.



11:10 AM --
Tony Gagliardi, representing the National Federation of Independent Business, testified in support of the bill. Discussion ensued on the fiscal impact of the bill.



11:18 AM -- Ali Mickelson, representing the Colorado Fiscal Institute, testified in opposition to the bill. Discussion ensued on the impact of the bill on school districts.





11:24 AM



Senator Crowder wrapped up his presentation of the bill.

BILL: SB17-009
TIME: 11:26:28 AM
MOVED: Hill
MOTION: Adopt amendment L.001 (Attachment A). The motion passed without objection.
SECONDED:
VOTE
Court
Kerr
Tate
Hill
Neville T.
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection




BILL: SB17-009
TIME: 11:31:46 AM
MOVED:
MOTION: Refer Senate Bill 17-009, as amended, to the Committee on Appropriations. The motion passed on a vote of 4-1.
SECONDED:
VOTE
Court
No
Kerr
Yes
Tate
Yes
Hill
Yes
Neville T.
Yes
Final YES: 4 NO: 1 EXC: 0 ABS: 0 FINAL ACTION: PASS














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