S_FIN_2018A 01/30/2018 02:03:19 PM Committee Summary PUBLICSTAFF SUMMARY OF MEETINGSENATE COMMITTEE ON FINANCE Date 01/30/2018 Attendance Court X Jahn X Tate X Smallwood X Neville T. X Time 02:03:19 PM to 03:52:34 PM Place SCR 357 This Meeting was called to order by Neville T. This Report was prepared by Matt Becker Hearing Items Action Taken hSB18-046 Referred to the Committee of the Whole - Consent Calendar hSB18-066 Amended, referred to Senate Appropriations hSB18-061 Referred to Senate Appropriations hSB18-100 Referred to the Committee of the Whole - Consent Calendar SB18-046 - Referred to the Committee of the Whole - Consent Calendar Attachment Tag File Name Attachment A http://www2.leg.state.co.us/CLICS/CLICS2018A/commsumm.nsf/0/60D28C92B190...$File/18SenateFin0130AttachA.pdf?OpenElement 18SenateFin0130AttachA.pdf 02:03:29 PM Senator Moreno, prime sponsor, presented Senate Bill 18-046, which allows nonprofit organizations that require a donation to receive a special license plate to increase the required donation amount. 02:05:08 PM Senator Moreno responded to committee questions. 02:05:50 PM Tony Anderson, representing the Department of Revenue, came to the table to respond to committee questions. 02:08:50 PM Former Senator Lois Tochtrop, representing the Colorado Horse Council, testified in support of the bill. Senator Tochtrop distributed a fact sheet to the committee [Attachment A]. 02:13:49 PM Jay Grimm, representing the Aurora Public Schools Foundation, testified in support of the bill. 02:16:19 PM Mr. Grimm and Senator Tochtrop responded to committee questions. 02:17:46 PM Senator Moreno wrapped up his presentation of the bill. 02:20:46 PM Motion Refer Senate Bill 18-046 to the Committee of the Whole and with a recommendation that it be placed on the consent calendar. Moved Court Seconded Court Yes Jahn Yes Tate Yes Smallwood Yes Neville T. Yes Final YES: 5 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS SB18-066 - Amended, referred to Senate Appropriations 02:22:41 PM Senators Sonnenberg and Garcia, co-prime sponsors, presented Senate Bill 18-066, which permanently establishes the State Lottery Division in the Department of Revenue. 02:31:42 PM Motion Adopt amendment L.001 [Attachment B]. Moved Smallwood Seconded Court Yes Jahn No Tate Yes Smallwood Yes Neville T. Yes YES: 4 NO: 1 EXC: 0 ABS: 0 FINAL ACTION: PASS 02:32:05 PM Motion Refer Senate Bill 18-066, as amended, to the Committee on Appropriations. Moved Smallwood Seconded Court Yes Jahn Yes Tate Yes Smallwood Yes Neville T. Yes Final YES: 5 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS SB18-061 - Referred to Senate Appropriations Attachment Tag File Name Attachment C http://www2.leg.state.co.us/CLICS/CLICS2018A/commsumm.nsf/0/2C970DD1FEF1...$File/18SenateFin0130AttachC.pdf?OpenElement 18SenateFin0130AttachC.pdf 02:32:25 PM Senators Grantham and Sonnenberg, co-prime sponsors, presented Senate Bill 18-061, which reduces the state income tax rate from 4.63 percent to 4.43 percent for 2018 and all subsequent tax years. 02:34:46 PM Senators Sonnenberg and Grantham responded to committee questions. 02:54:12 PM Former Senator Edie Hudak, representing Colorado PTA, testified in opposition to the bill. 02:54:45 PM Carol Hedges, representing the Colorado Fiscal Institute, testified in opposition to the bill. 02:57:26 PM Scott Wasserman, representing the Bell Policy Center, testified in opposition to the bill. Mr. Wasserman distributed a chart depicting recent investment in Colorado state services [Attachment C]. 03:05:35 PM Ms. Hedges and Senator Hudak responded to committee questions. 03:14:21 PM Mr. Wasserman responded to committee questions. 03:17:10 PM Ms. Hedges responded to additional committee questions. 03:20:22 PM Shari Shiffer-Krieger, representing Americans for Prosperity, testified in support of the bill. 03:29:25 PM Tony Gagliardi, representing the National Federation of Independent Business, testified in support of the bill. 03:31:54 PM Senators Grantham and Sonnenberg wrapped up their presentation of the bill. 03:44:20 PM Motion Refer Senate Bill 18-061 to the Committee on Appropriations. Moved Smallwood Seconded Court No Jahn No Tate Yes Smallwood Yes Neville T. Yes Final YES: 3 NO: 2 EXC: 0 ABS: 0 FINAL ACTION: PASS SB18-100 - Referred to the Committee of the Whole - Consent Calendar Attachment Tag File Name Attachment D http://www2.leg.state.co.us/CLICS/CLICS2018A/commsumm.nsf/0/8B8A6522B6FA...$File/18SenateFin0130AttachD.pdf?OpenElement 18SenateFin0130AttachD.pdf 03:44:40 PM Senator Neville, prime sponsor, presented Senate Bill 18-100, which requires rental car companies to disclose mandatory rental charges. 03:47:07 PM Phil Ross, representing himself, testified in support of the bill. 03:47:46 PM Senator Neville distributed a letter of support from the American Car Rental Association [Attachment D]. 03:48:51 PM Meegan Wood-Trombley, representing Enterprise Holdings, testified in support of the bill. 03:51:48 PM Motion Refer Senate Bill 18-100 to the Committee of the Whole and with a recommendation that it be placed on the consent calendar. Moved Neville T. Seconded Court Yes Jahn Yes Tate Yes Smallwood Yes Neville T. Yes Final YES: 5 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS 03:52:34 PM Committee Adjourned